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3. Use the formula below to find the value of $1300 invested at 4.2% interest compounded continuously for 5 years, 9 months. Round your final answer to the nearest hundredth, or…

3. Use the formula below to find the value of $1300 invested at 4.2% interest compounded continuously for 5 years, 9 months. Round your final answer to the nearest hundredth, or…
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3. Use the formula below to find the value of $1300 invested at 4.2% interest compounded continuously for 5 years, 9 months. Round your final answer to the nearest hundredth, or cent, and show your work. Use e=2.718 .

3. Use the formula below to find the value of $1300 invested at 4.2% interest compounded-example-1
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User Barak Gall
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The answer is $1655.06

A(5 + 9/12) = 1300 * (2.718) ^ (0.042 * (5 + 9/12) = 1655.06
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User Sjwdavies
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