Find the balance in an account when $400 is deposited for 11 years at an interest rate of 2% compounded continuously

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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Find the balance in an account when $400 is deposited for 11 years at an interest rate of 2% compounded continuously

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