Answer:
FV = $1,200 * e^(0.09*10)
Explanation:
The equation used to calculate the future value of an investment compounded continuously is:
FV = PV * e^(r*t)
where:
FV = future value
PV = present value (initial investment) = $1,200
r = annual interest rate (9% = 0.09)
t = number of years (10 years)
So, the future value of the investment would be:
FV = $1,200 * e^(0.09*10)