A Bank offered 1 3/4% interest on savings accounts compounded continuously. How much is a $5000 deposit worth after 42 months?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 37CT: On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest,...
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A Bank offered 1 3/4% interest on savings accounts compounded continuously. How much is a $5000 deposit worth after 42 months?

7. A BAAKOFFERED /4%INTEREST ON SAVINGS
ACCOUNTS Com POUNDED CONTINUOUSLY, How MUCH IS H
#5200 DEPOST WORTH AFTER 42 MONTAS?
Transcribed Image Text:7. A BAAKOFFERED /4%INTEREST ON SAVINGS ACCOUNTS Com POUNDED CONTINUOUSLY, How MUCH IS H #5200 DEPOST WORTH AFTER 42 MONTAS?
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