invested

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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If $1000 is invested for x years at 10%, compounded continuously, the future value that results is

S = 1000e0.10x.

What amount will result in 6 years? (Round your answer to the nearest cent.) 
$

 

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