the amount of money in an account can be determined by the formula a re where is the
initial investment, r is the annual interest rate, and tis the number of years the money was
invested. what is the value of a $5000 investment after 18 years, if it was invested at 4% interest
compounded continuously?

$10272.17

Step-by-step explanation: Please see attachment for explanation

Step-by-step explanation:

Since it is compounded continuously, we will use:

is the amount invested.

is the rate.

is the number of years you let the money sit.

is the future amount after the years that has been accumulated.

(Note:

I'm going to write as a decimal. .)

(approximated)

(approximated)

To the nearest cent this is .

the answer is y = 11.54

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