Three thousand dollars is deposited in the bank at 4% interest compounded continuously. What will be the average value of the money in the account during the next 10 years? Note: A=Pe^rt

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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Three thousand dollars is deposited in the bank at 4% interest compounded continuously. What will be the average value of the money in the account during the next 10 years? Note:

A=Pe^rt

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