Home /
Expert Answers /
Calculus /
for-the-past-15-years-an-employee-of-a-large-corporation-has-been-investing-in-an-employee-sponsor-pa360
(Solved): For the past 15 years, an employee of a large corporation has been investing in an employee sponsor ...
For the past 15 years, an employee of a large corporation has been investing in an employee sponsored educational savings plan. The employee has invested $9,000 dollars per year. Treat the investment as a continuous stream with interest paid at a rate of 4.4% compounded continuously. (a) What is the future value of the investment? (Round your answer to the nearest cent.) x (b) How much money would have had to be invested 15 years ago and compounded at 4.4% compounded continuously to grow to the amount found in part (a)? (Round your answer to the nearest cent.) $