Answer to Question #174435 in Financial Math for Alex

Question

How much would your investment be worth, if you invest $3500, compounded

continuously for 8 years at 7.5% APR.

A = Pe^rt

Answer 1

A=Pe^rt

where A is the investment worth after t years at r% rate of interest per annum. P is the initial investment amount.

A=3500*e^0.075*8

=$6377.42

After 8 years, the $3500 investment will be worth $6377.42