# Use Exponential Models in Applications In the following exercises, solve. Sayed deposits $20,000 in an investment account. What will be the value of his investment in 30 years if the investment is earning 7% per year and is compounded continuously? Wierzycaz 2021-01-15 Answered Use Exponential Models in Applications In the following exercises, solve. Sayed deposits$20,000 in an investment account. What will be the value of his investment in 30 years if the investment is earning 7% per year and is compounded continuously?
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izboknil3

For compound continuously,
amount
$A=P{e}^{rt}$
where
r is rate
t is time in years
p is initial investment
Given
P=$20,000 t=30yrs r=7%=0.07 Amount $A=20,000{e}^{0.07\cdot 30}$ $=20,000{e}^{2.1}$ =$163,323.39