Answered: Tessa invests $5700 in a new savings…

Tessa invests $5700 in a new savings account which earns 3.7% annual interest, compounded contiuously. What will be the value of her investment after 3 years? Round to the nearest cent.

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter9: Sequences, Probability And Counting Theory

Section: Chapter Questions

Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...

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Question

Tessa invests $5700 in a new savings account which earns 3.7% annual interest, compounded contiuously. What will be the value of her investment after 3 years? Round to the nearest cent.

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