kahleah98
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A person places $1690 in an investment account earning an annual rate of 7.2%,
compounded continuously. Using the formula V = Pert, where V is the value of the
account in t years, P is the principal initially invested, e is the base of a natural
logarithm, and r is the rate of interest, determine the amount of money, to the
nearest cent, in the account after 8
years.

Respuesta :

irspow

Answer:

Step-by-step explanation:

[tex]V=Pe^{(rt)}\\ \\ V(8)=1690e^{(.072(8))}\\ \\ V(8)=\$ 3006.36[/tex]

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