Find the accumulated amount after 5 years if $4500 is invested at 4%/year compounded continuously.
Find the accumulated amount after 5 years if $4500 is invested at 4%/year compounded continuously.
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.CR: Review Problem Set
Problem 56CR
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Find the accumulated amount after 5 years if $4500 is invested at 4%/year compounded continuously.
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