How much money will there be in an account at the end of 88 years if $18000 is deposited at a 3.5 %annual rate that is compounded continuously? (Assume no withdrawals are made.)

Help Please(:

Question

How much money will there be in an account at the end of 88 years if $18000 is deposited at a 3.5 %annual rate that is compounded​ continuously? ​(Assume no withdrawals are​ made.)

Help Please(:

undeadknight26 · Answer

Well lets say:
f(x) = 18000(1 + 3.5)^88
I think....@whpalmer4 Does this look right to you?

anonymous · Answer

I got the answer of $391,651.24. Does that seem correct?

undeadknight26 · Answer

Hmm let me ask @jigglypuff314 but it seems correct to me.

anonymous · Answer

Okay thanks!

undeadknight26 · Answer

Any time!  Well not any time if I'm asleep or working on my car please don't bother me .-.

jigglypuff314 · Answer

1 means 100%
3.5% = 0.035

undeadknight26 · Answer

Oh ._.
I'm rusty on my alg2

jigglypuff314 · Answer

18000(1 + 0.035)^88
                  ^^^^^

anonymous · Answer

Hmm okay thanks guys!