Lincoln invested $440 in an account paying an interest rate of 5% compounded continuously. Robert invested $440 in an account paying an interest rate of 5% compounded daily. After 11 years, how much more money would Lincoln have in his account than Robert, to the nearest dollar? Answer: Submit Answer
Lincoln invested $440 in an account paying an interest rate of 5% compounded continuously. Robert invested $440 in an account paying an interest rate of 5% compounded daily. After 11 years, how much more money would Lincoln have in his account than Robert, to the nearest dollar? Answer: Submit Answer
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...
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