3. Find the accumulated amount after 3 years if $2000 is invested at 6.5% per year compounded (a) monthly and (b) continuously.

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.CR: Review Problem Set
Problem 56CR
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3. Find the accumulated amount after 3 years if $2000 is invested at 6.5% per year
compounded (a) monthly and (b) continuously.
Transcribed Image Text:3. Find the accumulated amount after 3 years if $2000 is invested at 6.5% per year compounded (a) monthly and (b) continuously.
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