London invested $17,000 in an account paying an interest rate of 5.4% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 5 years? Answer Submit Answer

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 69SGR
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London invested $17,000 in an account paying an interest rate of 5.4% compounded
continuously. Assuming no deposits or withdrawals are made, how much money, to
the nearest cent, would be in the account after 5 years?
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Transcribed Image Text:London invested $17,000 in an account paying an interest rate of 5.4% compounded continuously. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 5 years? Answer Submit Answer
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