Hello Brandy, lets take a shot at this.
The Formula for continuous compounding is as follows.
A= P e Amount =Principle times e raised to the rate
times time. Where e is equal to
2.71828...and so on.
- A= $5,000.00 e^(0.09) (14).
A= $5,000.00 e^1.26. First do e^1.26 (long number).
Then that number multiply by $5,000.00.
Giving A=$17,627.11 as your final answer.
Hope this helps.