O EXPONENTIAL AND LOGARITHMIC FUNCTIONS Finding the initial amount in a word problem on continuous. How much should be invested now at an interest rate of 6.5% per year, compounded continuously, to have $1500 in four years? Do not round any intermediate computations, and round your answer to the nearest cent.

O EXPONENTIAL AND LOGARITHMIC FUNCTIONS Finding the initial amount in a word problem on continuous. How much should be invested now at an interest rate of 6.5% per year, compounded continuously, to have $1500 in four years? Do not round any intermediate computations, and round your answer to the nearest cent.

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter4: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 11T: Suppose that $12,000 is invested in a saving account paying 5.6% interest per year. (a)Write the...

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