Find the amount in a continuously compounded account for the given condition. principal: $250, annual interest rate: 6.2%, time: 2.5 yr

The Final Investment Value  is  

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 in the formula above  

a

step-by-step explanation:

step-by-step explanation:

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