Find the amount of money that will be accumulated in a savings account if $4825 is invested at 7.0 % for 15 years and the interest is compounded continuously. Round your answer to two decimal places.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
Problem 7SC
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Find the amount of money that will be accumulated in a savings account if $4825 is invested at 7.0 % for 15 years and the interest is compounded
continuously. Round your answer to two decimal places.
Transcribed Image Text:Find the amount of money that will be accumulated in a savings account if $4825 is invested at 7.0 % for 15 years and the interest is compounded continuously. Round your answer to two decimal places.
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