Suppose that P dollars in principal is invested for t years at the given interest rates with continuous compounding. Determi amount that the investmnent is worth at the end of the given time period. P=$14,000, t =14 yr (a) 2% interest (b) 4% interest (c) 6.5% interest Part: 0 / 3 Part 1 of 3 at the end of 14 yr. (a) At 2% interest rate, the investment will be worth $ Submit A Save For Later

Suppose that P dollars in principal is invested for t years at the given interest rates with continuous compounding. Determi amount that the investmnent is worth at the end of the given time period. P=$14,000, t =14 yr (a) 2% interest (b) 4% interest (c) 6.5% interest Part: 0 / 3 Part 1 of 3 at the end of 14 yr. (a) At 2% interest rate, the investment will be worth $ Submit A Save For Later

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter4: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 11T: Suppose that $12,000 is invested in a saving account paying 5.6% interest per year. (a)Write the...

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