Suppose you deposit $6,300 at 9% interest compounded continously. Hence, the value in the account after t years is giveng by 0.09t V(t) = 6300e' Find the average value of your account during the first 5 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 $6,300 at 9% interest
compounded continously. Hence, the value in the
account after t years is giveng by
0.09t
6300e
V(t)
your account during the first 5 years.
Find the average value of
Valueave
%24
Transcribed Image Text:Suppose you deposit $6,300 at 9% interest compounded continously. Hence, the value in the account after t years is giveng by 0.09t 6300e V(t) your account during the first 5 years. Find the average value of Valueave %24
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