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ew Policies urrent Attempt in Progress You invest $5000 in an account which pays interest compounded continuously. (a) How much money is in the account after 12 years, if the annual interest rate is 6%? Round your answer to two decimal places. The balance is about $ i (b) If you want the account to contain exactly $8500 after 12 years, what yearly interest rate is needed? Round your answer to one decimal place. The rate required is about i %.

ew Policies urrent Attempt in Progress You invest $5000 in an account which pays interest compounded continuously. (a) How much money is in the account after 12 years, if the annual interest rate is 6%? Round your answer to two decimal places. The balance is about $ i (b) If you want the account to contain exactly $8500 after 12 years, what yearly interest rate is needed? Round your answer to one decimal place. The rate required is about i %.

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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View Policies Current Attempt in Progress You invest $5000 in an account which pays interest compounded continuously. (a) How much money is in the account after 12 years, if the annual interest rate is 6%? Round your answer to two decimal places. The balance is about $ i (b) If you want the account to contain exactly $8500 after 12 years, what yearly interest rate is needed? Round your answer to one decimal place. The rate required is about i eTextbook and Media Save for Later Using multiple attempts will impact your score. 5% score reduction after attempt 3 %. Attempts: 0 of 5 u
Transcribed Image Text:View Policies Current Attempt in Progress You invest $5000 in an account which pays interest compounded continuously. (a) How much money is in the account after 12 years, if the annual interest rate is 6%? Round your answer to two decimal places. The balance is about $ i (b) If you want the account to contain exactly $8500 after 12 years, what yearly interest rate is needed? Round your answer to one decimal place. The rate required is about i eTextbook and Media Save for Later Using multiple attempts will impact your score. 5% score reduction after attempt 3 %. Attempts: 0 of 5 u
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