10 years ago, Jacob's parents invested some money into the stock market, which on average over the past decade, yielded 9.25% returns compounded continuously. If Jacob's account is currently worth $14,374, how much money was initially invested? $5800 :: $1.38 : $5000 : $5500 : $5700 : $6000

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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10 years ago, Jacob's parents invested some money into the stock market, which on average over the past decade, yielded 9.25% returns compounded
continuously. If Jacob's account is currently worth $14,374, how much money was initially invested?
$5800
: $1.38
:: $5000
:: $5500
: $5700
: $6000
06 Fill in the Blank Drag and Drop
2/2
Cc
&
9
7
Transcribed Image Text:10 years ago, Jacob's parents invested some money into the stock market, which on average over the past decade, yielded 9.25% returns compounded continuously. If Jacob's account is currently worth $14,374, how much money was initially invested? $5800 : $1.38 :: $5000 :: $5500 : $5700 : $6000 06 Fill in the Blank Drag and Drop 2/2 Cc & 9 7
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