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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