You invest $17,804 in a CD that has a 6.275% annual interest rate, compounded continuously. How much will you have in 25 years?Round to the nearest cent.

R = 3.813% per year.

Step-by-step explanation:

A = Accrued amount (principal + interest) P = Principal amount r = Annual nominal interest rate as a decimal R = Annual nominal interest rate as a percent r = R/100 n = number of compounding periods per unit of time t = time in decimal years; e.g., 6 months is calculated as 0.5 years. Divide your partial year number of months by 12 to get the decimal years. I = Interest amount ln = natural logarithm.

Idk i am in 5th grade lol