Using continuous interest to find the final value of amount of money

The video tutorial explains how to solve problems involving exponential functions, focusing on continuous compounding. It covers the identification and understanding of variables in the formula, such as principal, rate, and time. The tutorial demonstrates the application of the formula using the order of operations (PEMDAS) and discusses the importance of rounding in financial calculations. The instructor emphasizes common mistakes students make and provides guidance on using calculators effectively.

What is the final amount A calculated in the example, and how is it rounded?

Discuss the common mistakes students make when applying the order of operations in calculations.

Why is it important to round to the nearest cent in financial calculations?