find the value of an investment of $10,000 in 12 years if it earns an annual rate of 3.95% compounded continuously.

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 value of an investment of $10,000 in 12 years if it earns an annual rate of 3.95% compounded continuously.

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