Application problems.

[Nicole7395]

Please herlp

 

[JeffM]

We prefer one question per thread.

We insist on seeing your work (even if you know it is wrong) or an explanation of why you cannot even start.

What is the formula for the future value of x invested at i continuously compounded for n periods?

 

[HallsofIvy]

The problem does not say whether the interest is simple interest or compound interest, or if compound interest what the compounding interval is.

 

[nasi112]

Thanks Nicole, the picture is very clear. I don't need to wear my glasses.

 

[JeffM]

The problem does not say whether the interest is simple interest or compound interest, or if compound interest what the compounding interval is.

Actually the problem explicitly says “continuously compounded.”