Best Answer

Principal amount 5,000

Interest rate 9 percent per year = 0.09

Continuous compounding

Number of years 7

Future value = P e^rt

Future value = (5000) e^(0.09)(7)

Amount after 7 years = $9,388.05

Q: If 5000 is invested at an annual interest rate of 9 percent compounded continuously. How much is available after 7 years?

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556.34

556.34

730.43

It will be worth 457.96

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