Initial Investment $1,000 5 Annual % Rate X% Time to Double 15 yr Amount After 12 Years $ 1740.87

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 67SGR
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Complete the table for a savings account in which interest is compounded continuously. (Round any dollar amount to the nearest cent and any other value to 4 decimal places.)
Annual
% Rate
Time to
Double
15 yr
Initial
Investment
$1,000
5
X %
Amount After
12 Years
$1740.87
Transcribed Image Text:Complete the table for a savings account in which interest is compounded continuously. (Round any dollar amount to the nearest cent and any other value to 4 decimal places.) Annual % Rate Time to Double 15 yr Initial Investment $1,000 5 X % Amount After 12 Years $1740.87
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