Find the compound amount and the interest earned when the given investment has continuous compounding. $28,000 at 2.9% for 4 years

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 6GP
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Find the compound amount and the interest earned when the given investment has continuous compounding.
$28,000 at 2.9% for 4 years
Transcribed Image Text:Find the compound amount and the interest earned when the given investment has continuous compounding. $28,000 at 2.9% for 4 years
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