If $7,000 is invested at an annual rate of 11.5% compounded continuously, the future value S at any time t (in years) is given by . What is the amount after 12 months? Round your answer to the nearest cent.
A) $27,824.31
B) $7,848.82
C) $17,838.71
D) $17,838.72
E) $7,853.11

Question

If $7,000 is invested at an annual rate of 11.5% compounded continuously, the future value S at any time t (in years) is given by  . What is the amount after 12 months? Round your answer to the nearest cent. ​
A) $27,824.31 
B) $7,848.82 
C) $17,838.71 
D) $17,838.72 
E) $7,853.11

Quizplus · Accepted Answer

The Answer of If $7,000 is invested at an annual rate of 11.5% compounded continuously, the future value S at any time t (in years) is given by  . What is the amount after 12 months? Round your answer to the nearest cent. ​
A) $27,824.31 
B) $7,848.82 
C) $17,838.71 
D) $17,838.72 
E) $7,853.11

If $7,000 Is Invested at an Annual Rate of 11