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If $6000 is invested at 5% compounded continuously, what is the amount after 2 years? Which of the following is the appropriate formula with the correct values substituted? Select the correct choice below and, if necessary, fill in the answer boxes to complete your choice. O A. A=P(1+i)n, with P = and n = OB. A=P(1 + rt), with P = and t = OC. A=Pet, with P = 1, r= r= 3 and t =

If $6000 is invested at 5% compounded continuously, what is the amount after 2 years? Which of the following is the appropriate formula with the correct values substituted? Select the correct choice below and, if necessary, fill in the answer boxes to complete your choice. O A. A=P(1+i)n, with P = and n = OB. A=P(1 + rt), with P = and t = OC. A=Pet, with P = 1, r= r= 3 and t =

College Algebra
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
Section4.2: The Natural Exponential Function
Problem 2E
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If $6000 is invested at 5% compounded continuously, what is the amount after 2 years? Which of the following is the appropriate formula with the correct values substituted? Select the correct choice below and, if necessary, fill in the answer boxes to complete your choice. O A. A=P(1+i)n, with P = i= and n = r= and t t= B. A= P(1 + rt), with P = OC. A=Pet, with P = r= " " and t =
Transcribed Image Text:If $6000 is invested at 5% compounded continuously, what is the amount after 2 years? Which of the following is the appropriate formula with the correct values substituted? Select the correct choice below and, if necessary, fill in the answer boxes to complete your choice. O A. A=P(1+i)n, with P = i= and n = r= and t t= B. A= P(1 + rt), with P = OC. A=Pet, with P = r= " " and t =
If $6000 is invested at 7% compounded continuously, what is the amount after 3 years? The amount after 3 years will be $ (Round to the nearest cent.)
Transcribed Image Text:If $6000 is invested at 7% compounded continuously, what is the amount after 3 years? The amount after 3 years will be $ (Round to the nearest cent.)
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