nt Use the model A =Pe" or A= P| where A is the future value of P dollars invested at inter %3D continuously or n times per year for t years. $6000 grows to $8738.68 in 8 years under continuous compounding. Find the interest rate. Round to percent.
nt Use the model A =Pe" or A= P| where A is the future value of P dollars invested at inter %3D continuously or n times per year for t years. $6000 grows to $8738.68 in 8 years under continuous compounding. Find the interest rate. Round to percent.
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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