How much would $500 invested at 9% interest compounded continuously be worth after 4 years? round your answer to the nearest cent.

 =705.79

Step-by-step explanation:

F=P(1+i)n  where F is the Future amount P is the Present amount/Capital i is the interest rate n is the number of periods.

In this case you have the given as follows:

    P = $500 i = 9% n = 4 years

Substituting the values to the formula you'll have:

F=500(1+0.09)^4

 =705.79

step-by-step explanation:

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