Complete the table for a savings account in which interest is compounded continuously. Initial Investment Annual % Rate Time to Double Amount After 10 years $1600 1.5% years 2$ $1100 % 12 years $ $100 % years $275.77 $ 2.3% years $2500.00

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.6: Other Types Of Equations
Problem 9ECP: You deposit $2500 in a long-term investment in which the interest is compounded monthly. After 5...
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Complete the table for a savings account in which interest is compounded continuously.
Initial Investment
Annual % Rate
Time to Double
Amount After 10 years
$1600
1.5%
years
2$
$1100
%
12 years
$
$100
%
years
$275.77
2$
2.3%
years
$2500.00
Transcribed Image Text:Complete the table for a savings account in which interest is compounded continuously. Initial Investment Annual % Rate Time to Double Amount After 10 years $1600 1.5% years 2$ $1100 % 12 years $ $100 % years $275.77 2$ 2.3% years $2500.00
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