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Solving A= Pe for P we obtain P Ae which is the present value of the amount A due in t years if money eams interest at an annual nominal rate r compounded continuously For the function P 13,000e 0.08 in how many years will the $13,000 be in order for its present value to be $8,000? In years, the $13,000 will be due in order for its present value to be $8,000 (Type an integer or decimal rounded to the nearest hundredth as needed.)

Solving A= Pe for P we obtain P Ae which is the present value of the amount A due in t years if money eams interest at an annual nominal rate r compounded continuously For the function P 13,000e 0.08 in how many years will the $13,000 be in order for its present value to be $8,000? In years, the $13,000 will be due in order for its present value to be $8,000 (Type an integer or decimal rounded to the nearest hundredth as needed.)

Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section5.4: Exponential And Logarithmic Equations
Problem 95E
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Solving A = Pel for P, we obtain P= Ae which is the present value of the amount A due in t years if money earns interest at an annual nominal rate r compounded continuously. For the function P= 13,000e 0.00t, in how many years will the $13,000 be due in order for its present value to be $8,000? In years, the $13,000 will be due in order for its present value to be $8,000. (Type an integer or decimal rounded to the nearest hundredth as needed.) Next 中 LC O P Type here to search N 1:04 PM 53% 10/5/2021 SC C F4 F7 PrtSc Insert Delete F1 F2 F3 F5 F6 F8 F9 F10 F11 F12 %$4 & 3 5 6 7 8 Backspace Num Lock W E Y U [C Home + I| * 00 团 S4
Transcribed Image Text:Solving A = Pel for P, we obtain P= Ae which is the present value of the amount A due in t years if money earns interest at an annual nominal rate r compounded continuously. For the function P= 13,000e 0.00t, in how many years will the $13,000 be due in order for its present value to be $8,000? In years, the $13,000 will be due in order for its present value to be $8,000. (Type an integer or decimal rounded to the nearest hundredth as needed.) Next 中 LC O P Type here to search N 1:04 PM 53% 10/5/2021 SC C F4 F7 PrtSc Insert Delete F1 F2 F3 F5 F6 F8 F9 F10 F11 F12 %$4 & 3 5 6 7 8 Backspace Num Lock W E Y U [C Home + I| * 00 团 S4
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