lets remember what it means compound continuously,
the interest never stopped, the balance is earning interest at all time
Joseph is 22 and he wants to know how much money he will have at 55
55-22=33
his balance will gain interest for 33 years, this is our time
there is a 7% rate
the formula is
P(t)= P(0) e ^rt
our t is 33
rate=7%
Joseph will have a balance at age 55, 45,334.99 dollars
