Answer:
$13,282.83
Step-by-step explanation:
The initial value of the investment is $1400, when t = 0.
The appropriate formula for this exponential growth is
A = Pe^(rt), where r is the exponential rate of change and t is the number of years.
Thus:
A = $1400e^(0.09t). Note that when t = 0, A = $1400 as expected.
After 25 years:
A = $1400e^(0.09*25) = $13,282.83
