Answer:
$3302.37
Step-by-step explanation:
Use the Continuous Compound Amount formula to calculate this.
A = P(e^(rt)), where P is the principal, r is the annual interest rate as a decimal fraction, and t is the number of years.
Here,
A = $900e^(0.052*25)
= $900e^1.3
A = $3302.37 (to the nearest cent)
