Math Problem Statement

Find the value of an investment of

$ 10 comma 000$10,000

for

1111

years at an annual interest rate of

4.55 %4.55%     

compounded continuously.

Question content area bottom

Part 1

The value of the investment is****

​$enter your response here.

​(Do not round until the final answer. Then round to the nearest cent as​ needed.)

Solution

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Math Problem Analysis

Mathematical Concepts

Exponential Growth
Continuous Compounding
Interest Calculation

Formulas

A = P * e^(r * t)

Theorems

Exponential Growth Formula for Continuous Compounding

Suitable Grade Level

Grades 10-12