Question

you deposit $5000 in an account earning 4% interest compounded continuously. How much will you have in the account in 10 years?

Answer 1

The formula is
A=p e^rt
A future value?
P present value 5000
E constant
R interest rate 0.04
T time 10 years
A=5,000×e^(0.04×10)
A=7,459.12

Hope it helps!