Asked by Aurelia

The question is: find the value of 500 dollars after 4 years invested at an annual interest rate of 9 percent (compounded continuously). I got 716.66. Is this correct? Thanks for your help!
Answered by Aurelia
Just to clarify something, since in my quest for help for this sort of problem on the internet, I found a few different formulas, the one that I am using is Pe^rt.
Answered by Reiny
correct, good formula, good answer
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