A savings account balance is compounded continuously. If the interest rate is 4% per year and the current balance is $1,203.00, what will the balance be 8 years from now?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 22T
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A savings account balance is compounded continuously. If the interest rate is 4% per year and the current balance is $1,203.00, what will the balance be 8 years from now? 

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