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Suppose that in 1620, a man bought a diamond for $28. Suppose that the man had instead put the $28 in the bank at 3% interest compounded continuously. What would that $28 have been worth in 2000? In 2000, the $28 would have been worth $. (Do not round until the final answer. Then round to the nearest dollar as needed)

Suppose that in 1620, a man bought a diamond for $28. Suppose that the man had instead put the $28 in the bank at 3% interest compounded continuously. What would that $28 have been worth in 2000? In 2000, the $28 would have been worth $. (Do not round until the final answer. Then round to the nearest dollar as needed)

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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Suppose that in 1620, a man bought a diamond for $28. Suppose that the man had instead put the $28 in the bank at 3% interest compounded continuously. What would that $28 have been worth in 2000? In 2000, the $28 would have been worth $ (Do not round until the final answer. Then round to the nearest dollar as needed.)
Transcribed Image Text:Suppose that in 1620, a man bought a diamond for $28. Suppose that the man had instead put the $28 in the bank at 3% interest compounded continuously. What would that $28 have been worth in 2000? In 2000, the $28 would have been worth $ (Do not round until the final answer. Then round to the nearest dollar as needed.)
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