exponential functions solve 5. suppose that $7,000 is invested at an interest rate of 6%, compounded continously. find the amount in the account after 5years if no withdrawals are made. 6. suppose that $1000 is invested at an interest rate of 73/4%, compounded semiannually. find the amount in the account after 10 years if no withdrawals are made.

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 35E
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5. suppose that $7,000 is invested at an interest rate of 6%, compounded continously. find the amount in the account after 5years if no withdrawals are made.

6. suppose that $1000 is invested at an interest rate of 73/4%, compounded semiannually. find the amount in the account after 10 years if no withdrawals are made.

 

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