Bank of America offers a 5-year 8% continuously compounded investment option. Find the amount accrued if $1450 is invested.

A = $2130.49

Step-by-step explanation:

Given the following data;

Time, t = 5 years

Interest rate, r = 8%

Principal = $1450

To find the future value, we would use the compound interest formula;

Where;

A is the future value.

P is the principal or starting amount.

r is annual interest rate.

t is the number of years for the compound interest.

Substituting into the equation, we have;

A = $2130.49

x= 149. 24+7=31. 180-31=149

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