Find the future value if $8000 is invested for 8 years at 7% compounded continuously. $14,005.38 $13,507.45 $13,978.24 $13,854.70

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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5:28
A7 - Compound Interest
4 of 5
Find the future value if $8000 is invested for 8 years
at 7% compounded continuously.
$14,005.38
$13,507.45
$13,978.24
$13,854.70
Next >
Transcribed Image Text:5:28 A7 - Compound Interest 4 of 5 Find the future value if $8000 is invested for 8 years at 7% compounded continuously. $14,005.38 $13,507.45 $13,978.24 $13,854.70 Next >
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