Rochelle deposits $5,000 in an IRA. What will be the value (in dollars) of her investment in 15 years if the investment is earning 8% per year and is compounded continuously? (Simplify your answer completely. Round your answer to the nearest cent.)
Rochelle deposits $5,000 in an IRA. What will be the value (in dollars) of her investment in 15 years if the investment is earning 8% per year and is compounded continuously? (Simplify your answer completely. Round your answer to the nearest cent.)
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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Rochelle deposits $5,000 in an IRA. What will be the value (in dollars) of her investment in 15 years if the investment is earning 8% per year and is compounded continuously? (Simplify your answer completely. Round your answer to the nearest cent.)
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