Question

Suppose you invest $1050 at an annual rate of 5.5% compound continuously. How much will you have in the account after 5 years? Round to the nearest dollar! thank you!

Answer 1

use following formula

\[P e^{rt}\]

Answer 2

I have, i just need to make sure it is correct, because i have missed the maximum amount of problems you can miss and still pass!

Answer 3

telll me what you got?

Answer 4

2330!

Answer 5

how did you get that?

Answer 6

I reworked it and got 1382.357209

Answer 7

yes, thats correct, and they want you to round to near dollar

Answer 8

so would that be 1382?

Answer 9

yes,