## Compound interest

Suppose that April has access to an investment that will pay 10% compounded interest compounded continuously. Which is better: To be given $1000 now so that she can take advantage of this investment opportunity, or to be givedn$1325 after 3 years?

I have:

P = Ae^-rt

1000 = Ae^-.10(3)

1000/e = A^-.3
A = 1349.86

So the investment is the better option. Have I calculated everything correctly?