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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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.
Pe, where V is the value of the
Answer:
Submit Answer
attempt 1 out of 2
O Type here to search
Rain off ar
24
&
4
7
8.
R
T
D
J
K
V
M
Transcribed Image Text:O Watch help video 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. Pe, where V is the value of the Answer: Submit Answer attempt 1 out of 2 O Type here to search Rain off ar 24 & 4 7 8. R T D J K V M
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