An investment of $89,800.00 earns 12% annual interest, compounded continuously. If no funds are added or removed from this account, what is the future value of the investment after 9 years? Round your answer to the nearest penny. Future Value $

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.1: Exponential Functions
Problem 53E: Interest Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and...
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An investment of $89,800.00 earns 12% annual interest, compounded
continuously. If no funds are added or removed from this account, what is the
future value of the investment after 9 years? Round your answer to the nearest
penny.
Future Value = $
Transcribed Image Text:An investment of $89,800.00 earns 12% annual interest, compounded continuously. If no funds are added or removed from this account, what is the future value of the investment after 9 years? Round your answer to the nearest penny. Future Value = $
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