Julie places a continuous stream of $5,000 per year into a savings account which has a continuously compounding interest rate of 1.1%. What will be the value of this continuous stream after 20 years? Round your answer to the nearest integer. Do not include a dollar sign or commas in your answer.
Julie places a continuous stream of $5,000 per year into a savings account which has a continuously compounding interest rate of 1.1%. What will be the value of this continuous stream after 20 years? Round your answer to the nearest integer. Do not include a dollar sign or commas in your answer.
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 62SE: Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest,...
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