Rochelle deposits $5,000 in an ira. what will be the value of her investment in 25 years if the investment is earning 8% per year and is compounded continuously? round to the nearest cent.

Step-by-step explanation:

we know that

The formula to calculate continuously compounded interest is equal to

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest in decimal  

t is Number of Time Periods  

e is the mathematical constant number

we have  

substitute the values in the formula

the correct answer is option c.   3

step-by-step explanation:

points to remember

equation of the line with coordinates (x₁, y₁) and (x₂, y₂) is given by,

slope m = (y₂ - y₁)/(x₂ - x₁)

from the figure we can see a line with two coordinates given

to find the slope of given line

here   (x₁, y₁)   = (-1, -1 ) and (x₂, y₂) = (1, 5)

slope m = (y₂ - y₁)/(x₂ - x₁)

  = (5 - -1)/(1 - -1)

  = (5 + 1)/(1 + 1)

  = 6/2 = 3

therefore the correct answer is option c.   3

step-by-step explanation:

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