If $5000 is invested at 8% compounded continuously, what is the amount after 3 years? The amount after 3 years will be $. (Round to the nearest cent.)

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter10: Exponential And Logarithmic Functions
Section10.2: Evaluate And Graph Exponential Functions
Problem 10.32TI: Allan invested $10,000 in a mutual fund. If the interest rate is 5%, how much will be in the account...
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Amount after 3years in $ will be what?

Also, round to the nearest cent.

If $5000 is invested at 8% compounded continuously, what is the amount after 3 years?
The amount after 3 years will be $.
(Round to the nearest cent.)
Transcribed Image Text:If $5000 is invested at 8% compounded continuously, what is the amount after 3 years? The amount after 3 years will be $. (Round to the nearest cent.)
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