Set up the formula to find the balance after 8 years for a total of $12,000 invested at an annual interest rate of 9% compounded continuously. A = 12000e (0.09) (8) A = 12000e (9) (8) A = 12000 (1 + 9 365 (8) (9) O A = 12000 (1+009) (365) (8) 365
Set up the formula to find the balance after 8 years for a total of $12,000 invested at an annual interest rate of 9% compounded continuously. A = 12000e (0.09) (8) A = 12000e (9) (8) A = 12000 (1 + 9 365 (8) (9) O A = 12000 (1+009) (365) (8) 365
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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Transcribed Image Text:Set up the formula to find the balance after 8 years for a total of $12,000 invested at an annual interest rate of 9% compounded
continuously.
O A = 12000 e (0.09) (8)
OA= 12000e (⁹) (8)
O A = 12000 (1+) (8) (9)
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