DIFFERENTIATING EXPONENTIAL FUNCTIONS If you borrow $8,500 at 4% interest, what is the amount that you willowe in five years if compounding is continuously?Note: Please enter your answer in numbers and decimals only. Forexample, instead of $1,234.56, enter 1234.56. Round to the nearestcent.

To find the amount owe in 5 years if compounding continuously :

Answered: If you borrow $8,500 at 4% interest,…

Math

Calculus

If you borrow $8,500 at 4% interest, what is the amount that you will owe in five years if compounding is continuously?

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter10: Exponential And Logarithmic Functions

Section10.2: Applications Of Exponential Functions

Problem 25PS

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DIFFERENTIATING EXPONENTIAL FUNCTIONS

If you borrow $8,500 at 4% interest, what is the amount that you will
owe in five years if compounding is continuously?
Note: Please enter your answer in numbers and decimals only. For
example, instead of $1,234.56, enter 1234.56. Round to the nearest
cent.

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