Question: c) Use S = Pert to find the future value of $7,500 invested for 4 years at 2.5%, compounded continuously. Fill in the formula.
c) Use S = Pert to find the future value of $7,500 invested for 4 years at 2.5%, compounded continuously. Fill in the formula. Label your answer and round it to two decimal places. P = r = 2.5% = t = S = ? (decimal?)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
