Use the continuous compound interest formula to find the indicated value. A = $8,000; r= 9.63%; t= 10 years; P= ? P = S (Round to two decimal places as needed.)

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
Section4.2: The Natural Exponential Function
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Use the continuous compound interest formula to find the indicated value.
A = $8,000; r= 9.63%; t= 10 years; P= ?
P= s (Round to two decimal places as needed.)
Transcribed Image Text:Use the continuous compound interest formula to find the indicated value. A = $8,000; r= 9.63%; t= 10 years; P= ? P= s (Round to two decimal places as needed.)
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