A person places $3610 in an investment account earning an annual rate of 6.6%, compounded continuously. Using the formula V account in t years, P is the principal initially invested, e is the base of a natural logarithm, and r is the rate of interest, determine the amount of money, to the nearest cent, in the account after 18 years. Pert, where V is the value of the %3D
A person places $3610 in an investment account earning an annual rate of 6.6%, compounded continuously. Using the formula V account in t years, P is the principal initially invested, e is the base of a natural logarithm, and r is the rate of interest, determine the amount of money, to the nearest cent, in the account after 18 years. Pert, where V is the value of the %3D
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.8: Transforming Exponential Expressions
Problem 18PFA
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