2. HOW MUCH MONEY MUST BE DEPOSITED IN A SAVINGS ACCOUNT SOTHAT P550O CAN BE WITHDRAWN 12 YEARS HENCE, THE INTEREST RATE IS 9% PER YEAR COMPOUNDED CONTINOUG LY AND IF ALL THE INTEREST IS ALLOWED TO ACCUMU - LATE

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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2. HOW MUCH MONEY MUST BE DEPOSITED IN A
SAVINGS ACCOUNT SO THAT P550O CAN
BE WITHDRAWN 12 YEARS HENCE, THE
INTEREST RATE IS 9 7. PER YEAR !
COMPOUNDED CONTINOUG LY AND IF ALL
THE INTEREST IS ALLOWED TO ACCUMU -
LATE
Transcribed Image Text:2. HOW MUCH MONEY MUST BE DEPOSITED IN A SAVINGS ACCOUNT SO THAT P550O CAN BE WITHDRAWN 12 YEARS HENCE, THE INTEREST RATE IS 9 7. PER YEAR ! COMPOUNDED CONTINOUG LY AND IF ALL THE INTEREST IS ALLOWED TO ACCUMU - LATE
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