10. Find the amount of an annuity if $200/month is paid into it for a period of 30 years, earning interest rate of 12%/year compounded continuously.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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10. Find the amount of an annuity if $200/month is paid
into it for a period of 30 years, earning interest rate
of 12%/year compounded continuously.
Transcribed Image Text:10. Find the amount of an annuity if $200/month is paid into it for a period of 30 years, earning interest rate of 12%/year compounded continuously.
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