If $7,000 is invested at 9.5% compounded continuously, find the future value after 4 1/2 years. (Round your answer to the nearest cent.)

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter11: Capital Budgeting Decisions
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Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...
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18.) If $7,000 is invested at 9.5% compounded continuously, find the future value after 4 1/2 years.  (Round your answer to the nearest cent.)

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If $7,000 is invested at 9.5% compounded continuously, find the future value after 4
1
years. (Round your answer to the nearest cent.)
Transcribed Image Text:If $7,000 is invested at 9.5% compounded continuously, find the future value after 4 1 years. (Round your answer to the nearest cent.)
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