Suppose an investment account is opened with an initial deposit of  $12,000  earning  7.2%  interest compounded continuously. How much will the account be worth after  30  years? Show your work and round your answer to the nearest cent.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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Suppose an investment account is opened with an initial deposit of  $12,000  earning  7.2%  interest compounded continuously. How much will the account be worth after  30  years? Show your work and round your answer to the nearest cent.

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