$9500 is invested at 12.6% compounded continuously, the future value S at any time t (in years) is given by the following formula. (Round your answers to two decimal places.) S = 9500e0.126t (a) What is the amount after 18 months?
$9500 is invested at 12.6% compounded continuously, the future value S at any time t (in years) is given by the following formula. (Round your answers to two decimal places.) S = 9500e0.126t (a) What is the amount after 18 months?
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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If $9500 is invested at 12.6% compounded continuously, the future value S at any time t (in years) is given by the following formula. (Round your answers to two decimal places.)
S = 9500e0.126t
(a) What is the amount after 18 months?
S = $
(b) How long before the investment doubles?
t = yr
S = $
(b) How long before the investment doubles?
t = yr
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