If $400 is invested at an interest rate of 4.5% per year, find the amount of the investment at the end of 14 years for the following compounding method. (Round your answers to the nearest cent.) (a) Continuously

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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If $400 is invested at an interest rate of 4.5% per year, find the amount of the investment at the end of 14 years for the following compounding method. (Round your answers to the nearest cent.)

(a) Continuously 

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