If $P is invested for n years at 13% compounded continuously, the rate at which the future value is growing is dS/dn=0.13Pe0.13n   (a) What function describes the future value at the end of n years?         S(n)=______ (b) In how many years will the future value double? (Round your answer to one decimal place.)      _____ yrs

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 $P is invested for n years at 13% compounded continuously, the rate at which the future value is growing is
dS/dn=0.13Pe0.13n
 
(a) What function describes the future value at the end of n years?
        S(n)=______
(b) In how many years will the future value double? (Round your answer to one decimal place.)
     _____ yrs
 
 
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