If $4000 is invested at an interest rate of 5.25% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) [4,8,12]

Question

If $4000 is invested at an interest rate of 5.25% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)  [4,8,12]

anonymous · Answer

$$\huge 4000\times e^{0.0525\times \color{red}4}$$ for the first one
and a calculator
then replace $\color{red}4$ by the other numbers

anonymous · Answer

math teacher question
no one compounds money continuously
that is for things found in nature

anonymous · Answer

ok thank you