$10,000 is invested at an annual interest rate of 11% for a period of 5 value of the investment if the interest is compounded continuously.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
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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$10,000 is invested at an annual interest rate of 11% for a period of 5 years. Find the
value of the investment if the interest is compounded continuously.
Transcribed Image Text:$10,000 is invested at an annual interest rate of 11% for a period of 5 years. Find the value of the investment if the interest is compounded continuously.
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