Find the compound amount if the compounding is continuous or quarterly. (Round your answers to the nearest cent.) $9000 at 9% for 20 years (a) continuous $54450 X (b) quarterly $ 43879 x
Find the compound amount if the compounding is continuous or quarterly. (Round your answers to the nearest cent.) $9000 at 9% for 20 years (a) continuous $54450 X (b) quarterly $ 43879 x
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.1: Exponential Functions
Problem 53E: Interest Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and...
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Transcribed Image Text:Find the compound amount if the compounding is continuous or quarterly. (Round your answers to the nearest cent.)
$9000 at 9% for 20 years
(a) continuous
$ 54450
(b) quarterly
$43879
X
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