An investment of $24,400.00 earns 12.8% annual interest, compounded continuously. If no funds are added or removed from this account, what is the future value of the investment after 30 years? Round your answer to the nearest penny.
An investment of $24,400.00 earns 12.8% annual interest, compounded continuously. If no funds are added or removed from this account, what is the future value of the investment after 30 years? Round your answer to the nearest penny.
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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An investment of $24,400.00 earns 12.8% annual interest, compounded continuously. If no funds are added or removed from this account, what is the future value of the investment after 30 years? Round your answer to the nearest penny.
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