19 Find the value of an investment of $20,000 for 14 years at an annual interest rate of 3.15%continuously.The value of the investment is $(Do not round until the final answer. Then round to the nearest cent as needed.)compounded

Answered: Find the value of an investment of…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter7: Exponents And Exponential Functions

Section7.7: Writing Exponential Functions

Problem 8CYU

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Find the value of an investment of $20,000 for 14 years at an annual interest rate of 3.15% continuously. The value of the investment is $ (Do not round until the final answer. Then round to the nearest cent as needed.) compounded