The Future Value S of an Investment Earning 7% Compounded

question 51

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 . 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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Definitions:

Immune System

System that protects the body from disease-causing microorganisms and affects susceptibility to diseases.

Negative Events

Occurrences or situations that are perceived as undesirable, harmful, or unfavorable, often triggering stress or emotional distress.

Pessimism

A tendency to see the worst aspect of things or believe that the worst will happen; a lack of hope or confidence in the future.

Immune System

A complex network of cells, tissues, and organs that work together to defend the body against infections and diseases.