Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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Question
Suppose $10,000 is invested for t years at 6% interest, compounded con-tinuously. Give the future value at the end of a. 12 years. b. 18 years.
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