Question

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Answer 1

Answer:

Harper will have approximately 4870 dollars in 6 years.

Step-by-step explanation:

Since this investment is compounded continuosly it's growth is given by the following equation:

M = C*e^(r*t)

Where M is the final value, C is the amount invested, r is the interest rate and t is the time elapsed. Applying the data from the question we have:

M = 3200*e^(0.07*6)

M = 3200*e^(0.42)

M = 4870.28

Harper will have approximately 4870 dollars in 6 years.