Question:
For part a, use the continuous compound interest formula,
Last updated: 7/15/2022
For part a, use the continuous compound interest formula, A(t) = Pet Suppose an investment account is opened with an initial deposit of $13,500.00 earning 7.1% interest compounded continuously. (Use the "$" symbol in your answers. Round to the nearest cent, if necessary.) a. How much will the account be worth after 15 years? b. How much will the account be worth after 15 years if it were compounded monthly instead?