Finite Math Examples

$p = 9000$ , $r = 5 %$ , $t = 5$

Step 1

The future value of an investment can be calculated using the current value, a rate of interest, and the length of time of the investment. This formula computes the interest in continuous time.

$F V = p \cdot e^{r \cdot t}$

Step 2

Insert the known values into the formula.

$F = 9000 \cdot e^{5 % \cdot 5}$

Step 3

Simplify the result.

$F = 11556.22875018$