Ariana invested $7,500 in an account paying an interest rate of 2.9% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 14 years?
I will assume that 'compounded continuously' means compounded annually. If this is not so, please tell me. Then
7500*1.029^14=11191.196 which rounds to $11190.