Suppose you deposit $6000 at 9% interest compounded continuously. Find the average value of your account during the first 2 years.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 37CT: On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest,...
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Suppose you deposit $6000 at 9% interest compounded continuously. Find the average value of your
account during the first 2 years.
2$
Transcribed Image Text:Suppose you deposit $6000 at 9% interest compounded continuously. Find the average value of your account during the first 2 years. 2$
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