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Suppose that P dollars in principal is invested for t years at the given interest rates with continuous comp amount that the investment is worth at the end of the given time period. P=$8000, t=13 yr (a) 1% interest (b) 2% interest (c) 5.5% interest Part: 0/3 Part 1 of 3 (a) At 1% interest rate, the investment will be worth at the end of 13 yr.

Suppose that P dollars in principal is invested for t years at the given interest rates with continuous comp amount that the investment is worth at the end of the given time period. P=$8000, t=13 yr (a) 1% interest (b) 2% interest (c) 5.5% interest Part: 0/3 Part 1 of 3 (a) At 1% interest rate, the investment will be worth at the end of 13 yr.

College Algebra
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 that P dollars in principal is invested for t years at the given interest rates with continuous comp amount that the investment is worth at the end of the given time period. P=$8000, t=13 yr (a) 1% interest (b) 2% interest (c) 5.5% interest Part: 0/3 Part 1 of 3 (a) At 1% interest rate, the investment will be worth at the end of 13 yr. %24
Transcribed Image Text:Suppose that P dollars in principal is invested for t years at the given interest rates with continuous comp amount that the investment is worth at the end of the given time period. P=$8000, t=13 yr (a) 1% interest (b) 2% interest (c) 5.5% interest Part: 0/3 Part 1 of 3 (a) At 1% interest rate, the investment will be worth at the end of 13 yr. %24
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