Interest compounded continually

[Jeffy]

Can someone help me with this? I am trying to plug it in my calc and I dotn think I am plugging in the right answer!

A money market fund has a continuous flow of money at a rate of f(x) = .5x for 10 years. Find the final amount if interest is earned at 7% compounded continuously.

 

[tkhunny]

That is a very simple problem. Please demonstrate your knowledge of continuous accumulations by entering the appropriate formula in terms of f(x), the rate of flow of money, and the given constant interest rate.

 

[Jeffy]

P = .5x (7) ^ 10

 

[tkhunny]

Not even close. Where is the f(x)? Take another random guess.