Find the value of an investment of $15,000 for 11 years at an annual interest rate of 4.55% compounded continuously

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 94E
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Find the value of an investment of $15,000 for 11 years at an annual interest rate of 4.55% compounded continuously.

Find the value of an investment of $15,000 for 11 years at an annual interest rate of 4.55% compounded continuously.
The value of the investment is S
(Do not round until the final answer. Then round to the nearest cent as needed.)
Transcribed Image Text:Find the value of an investment of $15,000 for 11 years at an annual interest rate of 4.55% compounded continuously. The value of the investment is S (Do not round until the final answer. Then round to the nearest cent as needed.)
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