How much should be deposited in an account payıng 5% interest in order to have a balance of $12,000 year from now? () (2) compounded quarterly A=Pf1+= (b) continuously A = Pe"

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.CR: Chapter Review
Problem 14E
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How much should be deposited in an account payıng
5% interest in order to have a balance of $12,000
year from now?
()
(2) compounded quarterly A=Pf1+=
(b) continuously A = Pe"
Transcribed Image Text:How much should be deposited in an account payıng 5% interest in order to have a balance of $12,000 year from now? () (2) compounded quarterly A=Pf1+= (b) continuously A = Pe"
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