If $1500 is invested at an interest rate of 6.5% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) (a) 2 years $ 1,708 (b) 4 years $1,945 (c) 12 years $ 3,272 X X
If $1500 is invested at an interest rate of 6.5% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) (a) 2 years $ 1,708 (b) 4 years $1,945 (c) 12 years $ 3,272 X X
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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