7. A BAAKOFFERED 14%NTEREST ON SAVINGS ACCOUNTS Cam POUNDED CONTINUOUSLY, How MUCH IS A #5200 DEPOST WORTH AFTER 42 maNTAS, 2. SAME CONDITTOUS AS I, How MUCH SHOULDBE DERESITEC IN ORIDER TO BE WORTH 2000 IN 5 YEAES ?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 57SE: Repeat the previous exercise to find the formula forthe APY of an account that compounds daily....
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ONLY ANSWER NUMBER 2  "How much should be deposited in order to be worth $2000 in 5 years?

7i A BANKOFFERED 4% INTEREST ON SAVINGS
ACCOUNTS Cam POUNDED CONTINUOUSLY, How MUCH IS H
#5200 DEPOS T WORTH AFTER 42 MOUTAS?
2. SAME CONOI TTONS AS I, How muCH SHOULDBE DERESITEC
IN ORIDER TO BE WORTH 2000 IN 5 YEAES?
Transcribed Image Text:7i A BANKOFFERED 4% INTEREST ON SAVINGS ACCOUNTS Cam POUNDED CONTINUOUSLY, How MUCH IS H #5200 DEPOS T WORTH AFTER 42 MOUTAS? 2. SAME CONOI TTONS AS I, How muCH SHOULDBE DERESITEC IN ORIDER TO BE WORTH 2000 IN 5 YEAES?
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