Suppose that P dollars in principal is invested for t years at the given interest rates with continuous compounding. Determine the amount that the investment is worth at the end of the given time period. P=$18,000, t= 11 yr (a) 2% interest (b) 3% interest (c) 5.5% interest

Suppose that P dollars in principal is invested for t years at the given interest rates with continuous compounding. Determine the amount that the investment is worth at the end of the given time period. P=$18,000, t= 11 yr (a) 2% interest (b) 3% interest (c) 5.5% interest

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Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter10: Sequences, Series, And Probability

Section10.2: Arithmetic Sequences

Problem 52E

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