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The Future Value S of an Investment Earning 7% Compounded

Question 14

Multiple Choice

The future value S of an investment earning 7% compounded continuously is a function of the principal P and the length of time t that the principal been invested. It is given by The future value S of an investment earning 7% compounded continuously is a function of the principal P and the length of time t that the principal been invested. It is given by . Find the future value of $42,000 invested for 30 years. ​ A) $45,045.34 B) $343,326.42 C) $300,979.14 D) $8.17 E) $342,979.14 . Find the future value of $42,000 invested for 30 years. ​


A) $45,045.34
B) $343,326.42
C) $300,979.14
D) $8.17
E) $342,979.14

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