17) Suppose $8500 is invested at an annual interest rate of 6.7% compounded continuously. Assume that there are no other deposits or withdrawals in this 17) a. account. b. a. What is the amount in the account after 5 years? b. How long would it take for the amount in the account to quadruple? (Round your answer to the nearest thoudandths)
17) Suppose $8500 is invested at an annual interest rate of 6.7% compounded continuously. Assume that there are no other deposits or withdrawals in this 17) a. account. b. a. What is the amount in the account after 5 years? b. How long would it take for the amount in the account to quadruple? (Round your answer to the nearest thoudandths)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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![d.
17) Suppose $8500 is invested at an annual interest rate of 6.7% compounded
continuously. Assume that there are no other deposits or withdrawals in this
17) a.
account.
b.
a. What is the amount in the account after 5 years?
As
b. How long would it take for the amount in the account to quadruple?
(Round your answer to the nearest thoudandths)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9088a99f-f128-4397-8b0b-170133868976%2F8de7ebf7-7582-4f1b-882f-fea416c7887c%2Fv9s2wq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:d.
17) Suppose $8500 is invested at an annual interest rate of 6.7% compounded
continuously. Assume that there are no other deposits or withdrawals in this
17) a.
account.
b.
a. What is the amount in the account after 5 years?
As
b. How long would it take for the amount in the account to quadruple?
(Round your answer to the nearest thoudandths)
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