Use the formula to find the total amount of money accumulated at the end of the indicated time period by compounding continuously. Please round the answers to the nearest hundredth. $7,000 for 35 years at 13%.
A) $606,927.99
B) $529,502.67
C) $566,096.83
D) $466,849.94
E) $592,807.49

Question

Use the formula  to find the total amount of money accumulated at the end of the indicated time period by compounding continuously. Please round the answers to the nearest hundredth. $7,000 for 35 years at 13%.
A) $606,927.99 
B) $529,502.67 
C) $566,096.83 
D) $466,849.94 
E) $592,807.49

Quizplus · Accepted Answer

The Answer of Use the formula  to find the total amount of money accumulated at the end of the indicated time period by compounding continuously. Please round the answers to the nearest hundredth. $7,000 for 35 years at 13%.
A) $606,927.99 
B) $529,502.67 
C) $566,096.83 
D) $466,849.94 
E) $592,807.49

Use the Formula to Find the Total Amount of Money