Complete the table to determine the balance A for $14,000 invested at rate r = 4.5% for t years, compounded continuously. (Round your answers to two decimal places.)
T-10,20,30,40,50

Question

Complete the table to determine the balance A for $14,000 invested at rate r = 4.5% for t years, compounded continuously. (Round your answers to two decimal places.) 
T-10,20,30,40,50

callisto · Answer

Use FV = PV (1+i)^n
FV = amount you need to find
PV = amount you invested
i= interest rate
n = no f years

That will do if your case is just invest for one time only, not continuous investment

hero · Answer

Hint: 

Continuous Compound Interest Formula:

$$A = P e^{rt}$$

anonymous · Answer

10=4.89
20=1.71
30=5.96
40=2.09
50=7.28

A=Pe^(r(t))
first find the rate and time then for example 4.5(10)=45
then 14000e^(45)=4.89 so on and so on

hero · Answer

Start with the first time: 

P = 14,000
r = .045
t = 10

$$A = 14000 e^{.045 \times 10}$$

Just to be clear r = .045 not 4.5

anonymous · Answer

good catch hero

anonymous · Answer

OP follow the concept hero posted and that should give you the correct answers