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.)
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.)
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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