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A principal amount of $7,460 is placed in a savings account with a 4.29% annual interest rate, compounded continuously. Which table best models the growth of the  account balance?

A principal amount of $7,460 is placed in a savings account with a 4.29% annual interest rate, compounded continuously. Which table best models the growth of the  account balance?

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A principal amount of $7,460 is placed in a savings account with a 4.29% annual interest rate, compounded continuously. Which table best models the growth of the  account balance?

x 0 1 2 3 y $7,460 $7,787.00 $8,127.09 $8,482.68 $8,853.83 4 x 0 1 2 3 y $7,460 $7,780.03 $8,113.80 $8,461.88 $8,824.89 4 x 0 1 2 3 4 y $7,460 $7,787.00 $8,128.33 $8,484.62 $8,856.53 x 0 1 2 3 4 y $7,460 $7,780.03 $8,100.07 $8,420.10 $8,740.14
Transcribed Image Text:x 0 1 2 3 y $7,460 $7,787.00 $8,127.09 $8,482.68 $8,853.83 4 x 0 1 2 3 y $7,460 $7,780.03 $8,113.80 $8,461.88 $8,824.89 4 x 0 1 2 3 4 y $7,460 $7,787.00 $8,128.33 $8,484.62 $8,856.53 x 0 1 2 3 4 y $7,460 $7,780.03 $8,100.07 $8,420.10 $8,740.14
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