Find the missing values assuming continuously compounded interest. (Round your answers to two decimal places.) Annual Time to Double Amount After 10 Years Initial Investment % Rate $600 X % yr $ 2319.78

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 missing values assuming continuously compounded interest. (Round your answers to two decimal places.)
Initial
Annual
Time to
Amount After
Investment
% Rate
Double
10 Years
$600
X % 5- yr$ 2319.78
Transcribed Image Text:Find the missing values assuming continuously compounded interest. (Round your answers to two decimal places.) Initial Annual Time to Amount After Investment % Rate Double 10 Years $600 X % 5- yr$ 2319.78
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