nt Use the model A = Pe" er A-P(1+). , where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. If $9000 is invested in an account earning 6.5% interest compounded continuously, determine how long it will take the money to double. Round up to the nearest year.
nt Use the model A = Pe" er A-P(1+). , where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. If $9000 is invested in an account earning 6.5% interest compounded continuously, determine how long it will take the money to double. Round up to the nearest year.
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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