Use the equation A=Pe^rt to answer the question. Show all work. After how many years will an account have $12,000 if $6,000 is deposited, and the account receives 3.8 percent interest compounded continuously?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 67SE: Alyssa opened a retirement account with 7.25 APRin the year 2000. Her initial deposit was 13,500....
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Use the equation A=Pe^rt to answer the question. Show all work. After how many years will an account have $12,000 if $6,000 is deposited, and the account receives 3.8 percent interest compounded continuously?
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