Use the formula below to find the value of $1300 invested at 4.2% interest compounded continuously for 5 years 9 months. Round your final answer to the nearst hundred or cent and show your work
The formula of compounded continuously is A=pe^rt A future value? P present value 1300 E constant R interest rate 0.042 T time 5years+9/12=5+9/12=5.75years So A=1,300×e^(0.042×5.75) A=1,655.10 round your answer to get A=1655
