Question Cynthia invested $12,000 in a savings account. If the interest rate is 6%, how much will be in the account in 10 years by compounding continuously? Round to the nearest cent. Provide your answer below: A=S I FEEDBACK MORE INSTRUCTION SUBMIT

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Due Friday, Apr 2, 12:05am EDT O
CURRENT OBJECTIVE
Use the continuously compounding interest formula to find the new value of an account
Question
Cynthia invested $12,000 in a savings account. If the interest rate is 6%, how much will be in the account in 10 years by
compounding continuously? Round to the nearest cent.
Provide your answer below:
A = $
AFEEDBACK
MORE INSTRUCTION
SUBMIT
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Transcribed Image Text:Due Friday, Apr 2, 12:05am EDT O CURRENT OBJECTIVE Use the continuously compounding interest formula to find the new value of an account Question Cynthia invested $12,000 in a savings account. If the interest rate is 6%, how much will be in the account in 10 years by compounding continuously? Round to the nearest cent. Provide your answer below: A = $ AFEEDBACK MORE INSTRUCTION SUBMIT Content attribution , to tare esc # $ & 2 3 4 7 { Q E R T Y U * 0 LO
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