7. A $7,000 investment earns 9% interest, compounded continuously. Find its value after 3 years.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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7. A $7,000 investment earns 9% interest, compounded
continuously. Find its value after 3 years.
Transcribed Image Text:7. A $7,000 investment earns 9% interest, compounded continuously. Find its value after 3 years.
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