2
Scooter is saving money to build a race car while attending school. He receives
a small investment of $500,000 from Junebug (Dale Earnhardt Jr) to finance
this. Scooter puts this away in an account while he finishes school. The account
he chooses yields 9.95% annual interest compounded continuously.
Approximately how much money will Scooter have in his account after 7 years?