4 12 Continuous Compounding 1 365

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter5: Linear Inequalities
Section5.2: Solving Inequalities By Multiplication And Division
Problem 3AGP
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Complete the table by determining the balance A for P dollars invested at rate r for t years and compounded n times per year. P = $7500 r = 4.8%          t = 30 years

4 12
Continuous Compounding
1
365
Transcribed Image Text:4 12 Continuous Compounding 1 365
Expert Solution
Step 1

Given information 

Principal P= $ 7500,

Rate r = 4.8% = 0.48

Time t = 30 years

Formula for amount is given as 

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Step 2

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Calculus homework question answer, step 2, image 3

Calculus homework question answer, step 2, image 4

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Calculus homework question answer, step 2, image 6

 

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