An investment of $82,200 earns 3.3% annual interest, compounded continuously. If no funds are added or removed from this account, what is the future value of the investment after 5 years? (Round your answer to the nearest cent.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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An investment of $82,200 earns 3.3% annual interest,
compounded continuously. If no funds are added or
removed from this account, what is the future value of the
investment after 5 years? (Round your answer to the
nearest cent.)
Transcribed Image Text:An investment of $82,200 earns 3.3% annual interest, compounded continuously. If no funds are added or removed from this account, what is the future value of the investment after 5 years? (Round your answer to the nearest cent.)
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