If $6500 is invested at 11.5% compounded continuously, the future value is given by A(t) 6500e0.115 wheret is given in years. What is the amount accrued after 18 months? %3D $51,522.35 $7723.77 O $7994.89 O $6613.10

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 $6500 is invested at 11.5% compounded continuously, the future value is given by
A(t)
6500e0.115 wheret is given in years. What is the amount accrued after 18 months?
%3D
$51,522.35
$7723.77
O $7994.89
O $6613.10
Transcribed Image Text:If $6500 is invested at 11.5% compounded continuously, the future value is given by A(t) 6500e0.115 wheret is given in years. What is the amount accrued after 18 months? %3D $51,522.35 $7723.77 O $7994.89 O $6613.10
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