Find the accumulated present value of an investment over a 7 year period if there is a continuous money flow of $10,000 per year and the interest rate is 1.7% compounded continuously. $9915.479627 X

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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Find the accumulated present value of an investment over a
7 year period if there is a continuous money flow of $10,000
per year and the interest rate is 1.7% compounded
continuously.
9915.479627
X
Transcribed Image Text:Find the accumulated present value of an investment over a 7 year period if there is a continuous money flow of $10,000 per year and the interest rate is 1.7% compounded continuously. 9915.479627 X
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