The future value S of an investment earning 7% compounded continuously is a function of the principal P and the length of time t that the principal been invested. It is given by . Find the future value of $42,000 invested for 30 years.
A) $45,045.34
B) $343,326.42
C) $300,979.14
D) $8.17
E) $342,979.14

Question

The future value S of an investment earning 7% compounded continuously is a function of the principal P and the length of time t that the principal been invested. It is given by  . Find the future value of $42,000 invested for 30 years. ​
A) $45,045.34 
B) $343,326.42 
C) $300,979.14 
D) $8.17 
E) $342,979.14

Quizplus · Accepted Answer

The Answer of The future value S of an investment earning 7% compounded continuously is a function of the principal P and the length of time t that the principal been invested. It is given by  . Find the future value of $42,000 invested for 30 years. ​
A) $45,045.34 
B) $343,326.42 
C) $300,979.14 
D) $8.17 
E) $342,979.14

The Future Value S of an Investment Earning 7% Compounded