Suppose that 6,000 is invested in an account at 5% intrest. Find the account balance after 8 years of compound interest.
FV = PV e^rt where r= rate in decimal expression t= time (This is for continuous compounding)
6000 e^ (.05)8= 8950.95
FV=PV[1 + R]^N
FV=$6,000 [1.05]^8
FV=$6,000 x 1.4774554437890625
FV=$8,864.73
+37146 
