Answer:
P= $226,863.29
Step-by-step explanation:
Compounded Continously means
P= P₀e^(rt)
plug in givens
P=(47000)e^(0.0926*17)
Use Calculator
and get P= $226,863.29
$226,863.29
P = $47,000
r = 0.0926
t = 17
A = [tex]47,000(2.718)^{(0.0926)(17)}[/tex]
A = $226,863.29
