1886, a person sold a house to a lady for $26. If the lady had put the $26 into a bank account paying 6% interest, how much would the investment have been worth in the year 2011 if interest were compounded in the following ays? - monthly b. continuously . If compounded monthly, the investment would be worth $in 2011. Round to the nearest dollar as needed.) b. If compounded continuously, the investment would be worth S in 2011. (Round to the nearest dollar as needed.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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1886, a person sold a house to a lady for $26. If the lady had put the $26 into a bank account paying 6% interest, how much would the investment have been worth in the year 2011 if interest were compounded in the following
ays?
- monthly
b. continuously
. If compounded monthly, the investment would be worth $ in 2011.
Round to the nearest dollar as needed.)
b. If compounded continuously, the investment would be worth $ in 2011.
(Round to the nearest dollar as needed.)
Enter your answer in each of the answer boxes
Por
144
IOI
&
7
%24
4.
6.
%23
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Transcribed Image Text:1886, a person sold a house to a lady for $26. If the lady had put the $26 into a bank account paying 6% interest, how much would the investment have been worth in the year 2011 if interest were compounded in the following ays? - monthly b. continuously . If compounded monthly, the investment would be worth $ in 2011. Round to the nearest dollar as needed.) b. If compounded continuously, the investment would be worth $ in 2011. (Round to the nearest dollar as needed.) Enter your answer in each of the answer boxes Por 144 IOI & 7 %24 4. 6. %23 T Y
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