Round your answers to the nearest cent. Alyssa opened a retirement account with 7.75% APR in the year 2000. Her initial deposit was $13,500. a. How much will the account be worth in 2020 if interest compounds monthly? b. How much more would she make if interest compounded continuously (Hint: Find the difference)?
Round your answers to the nearest cent. Alyssa opened a retirement account with 7.75% APR in the year 2000. Her initial deposit was $13,500. a. How much will the account be worth in 2020 if interest compounds monthly? b. How much more would she make if interest compounded continuously (Hint: Find the difference)?
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 67SE: Alyssa opened a retirement account with 7.25 APRin the year 2000. Her initial deposit was 13,500....
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