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Homework answers / question archive / Continuous compounding   For the case in the following? table, find the future value at the end of the deposit? period, assuming that interest is compounded continuously at the given nominal annual rate

Continuous compounding   For the case in the following? table, find the future value at the end of the deposit? period, assuming that interest is compounded continuously at the given nominal annual rate

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Continuous compounding   For the case in the following? table, find the future value at the end of the deposit? period, assuming that interest is compounded continuously at the given nominal annual rate.  ?(Click on the icon located on the? top-right corner of the data table below in order to copy its contents into a? spreadsheet.)

 

Amount of initial deposit ?$3,500

Nominal annual rate 11?%

Deposit period (years)13

 

The future value at the end of the deposit period is ?$??? ?(Round to the nearest? cent.)

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