Answer:
0.715
Step-by-step explanation:
Answer:
$ 2904.59
Step-by-step explanation:
For CONTINUOUS compounding FV = PV e^it
FV = future value PV = present value i = decimal interest t = years
FV = 2500 e^(.05 * 3) = 2904.59
There are infinity of fractions equal to 1/2, it just means half of a number, so for example, 3/6, 4/8, 5/10, 6/12 are all equal to 1/2 and so on