If $10,500 accumulates interest at an annual rate of 8%, compounded continuously, how much will be in the account in 70 years? (Round your answer to the nearest cent. A graphing calculator is recommended.) %$4

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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If $10,500 accumulates interest at an annual rate of 8%, compounded continuously, how much will be in the account in 70 years? (Round your
answer to the nearest cent. A graphing calculator is recommended.)
Transcribed Image Text:MY NOTES ASK YOUR TEACHER If $10,500 accumulates interest at an annual rate of 8%, compounded continuously, how much will be in the account in 70 years? (Round your answer to the nearest cent. A graphing calculator is recommended.)
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