12) When Angela was born, her grandparents deposited $5,000 into a college savings account paying 6% interest compounded continuously. Using the formula, A = Pe", what is the balance after 15 years? 13) How long will it take the balance to reach at least $17,000

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 37CT: On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest,...
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Solve numbers 12, 13, and 14
13) How long will it take the balance to reach at least $17,000
20 16 K uta
Sof twar e LLC.
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In fin i te
Algebra 2.
14) If her grandparents want her to have $15,000 after 17 years, how much would they need to invest?
le ded
Transcribed Image Text:13) How long will it take the balance to reach at least $17,000 20 16 K uta Sof twar e LLC. AIl rights reserved. Made with In fin i te Algebra 2. 14) If her grandparents want her to have $15,000 after 17 years, how much would they need to invest? le ded
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12) When Angela was born, her grandparents deposited $5,000 into a college savings account paying 6%
interest compounded continuously. Using the formula, A = Pe", what is the balance after 15 years?
13) How long will it take the balance to reach at least $17,000
20 16
Kuta
Sof tware
LLC.
AIl rights reserv ed.
Made
with
In fin i te
Algebra 2.
14) If her grand
s how much would they need to invest?
Transcribed Image Text:T00% 12) When Angela was born, her grandparents deposited $5,000 into a college savings account paying 6% interest compounded continuously. Using the formula, A = Pe", what is the balance after 15 years? 13) How long will it take the balance to reach at least $17,000 20 16 Kuta Sof tware LLC. AIl rights reserv ed. Made with In fin i te Algebra 2. 14) If her grand s how much would they need to invest?
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