Consider an investment where $49,000 is invested for 10 years at 6% compounded continuously. How much will this investment be worth after 10 years? (Round your answer to the nearest cent.) $ What is the total amount earned in compound interest? (Round your answer to the nearest cent.)
Consider an investment where $49,000 is invested for 10 years at 6% compounded continuously. How much will this investment be worth after 10 years? (Round your answer to the nearest cent.) $ What is the total amount earned in compound interest? (Round your answer to the nearest cent.)
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.2: The Natural Exponential Function
Problem 2E
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Consider an investment where $49,000 is invested for 10 years at 6% compounded continuously.
How much will this investment be worth after 10 years? (Round your answer to the nearest cent.)
$
What is the total amount earned in compound interest? (Round your answer to the nearest cent.)
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