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!

Answer 1

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.

Answer 2

correct, good formula, good answer