Asked by Anonymous

You invest $5500 into a 4.5% an year CD. If interest is compounded continuously, how much money will you have after 5 years?
Answered by Steve
I know the formula.
Take a look at the ones I started for you, and take a stab at the other, eh?
Answered by Jerry
A = P * e^(rt) = 5500 * (2.71828^(.045*5)) = 6887.77