Find the value of an investment of $25,000 for 13 years at an annual interest rate of 3.15% compounded continuously. C... The value of the investment is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 94E
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Find the value of an investment of $25,000 for 13 years at an annual interest rate of 3.15% compounded continuously.
(...)
The value of the investment is $
(Do not round until the final answer. Then round to the nearest cent as needed.)
Transcribed Image Text:Find the value of an investment of $25,000 for 13 years at an annual interest rate of 3.15% compounded continuously. (...) The value of the investment is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
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