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Find the future value P of the amount Po invested for time period t at interest rate k, compounded continuously. Po = $200,000, t = 4 years, k = 5%

Find the future value P of the amount Po invested for time period t at interest rate k, compounded continuously. Po = $200,000, t = 4 years, k = 5%

College Algebra
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 future value P of the amount Po invested for time period t at interest rate k, compounded continuously. Po = $200,000, t= 4 years, k = 5% (Round to the nearest cent as needed.) P = $
Transcribed Image Text:Find the future value P of the amount Po invested for time period t at interest rate k, compounded continuously. Po = $200,000, t= 4 years, k = 5% (Round to the nearest cent as needed.) P = $
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