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Find the amount of money (Future Value) in an account where $9,100 is deposited (Present Value) at an interest rate of 4.5% per year compounded continuously and the money is left in the account for 10 years. The final amount is $ Round your answer to 2 decimal places

Find the amount of money (Future Value) in an account where $9,100 is deposited (Present Value) at an interest rate of 4.5% per year compounded continuously and the money is left in the account for 10 years. The final amount is $ Round your answer to 2 decimal places

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section5.1: Exponential Functions And Their Graphs
Problem 57E: Trust Fund On the day of a child’s birth, a parent deposits $30,000 in a trust fund that pays 5...
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Find the amount of money (Future Value) in an account where $9,100 is deposited (Present Value) at an interest rate of 4.5% per year compounded continuously and the money is left in the account for 10 years. The final amount is $ Round your answer to 2 decimal places
Transcribed Image Text:Find the amount of money (Future Value) in an account where $9,100 is deposited (Present Value) at an interest rate of 4.5% per year compounded continuously and the money is left in the account for 10 years. The final amount is $ Round your answer to 2 decimal places
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