Suppose an investment account is opened with an intial deposit of $12,000 earning 8.7% interest. Round all answers to the nearest dollar. a. How much will the account be worth after 30 years if it is compounded monthly? $ b. How much will the account be worth after 30 years if it is compounded continuously? $
Suppose an investment account is opened with an intial deposit of $12,000 earning 8.7% interest. Round all answers to the nearest dollar. a. How much will the account be worth after 30 years if it is compounded monthly? $ b. How much will the account be worth after 30 years if it is compounded continuously? $
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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Suppose an investment account is opened with an intial deposit of $12,000 earning 8.7% interest. Round all answers to the nearest dollar.
a. How much will the account be worth after 30 years if it is compounded monthly? $
b. How much will the account be worth after 30 years if it is compounded continuously? $
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