Use the continuous compound interest formula to find the indicated value. P=$7,000; r = 3.05%; t = 3 years; A = ? A=$(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
Problem 2E
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Use the continuous compound interest formula to find the indicated value.
P = $7,000; r = 3.05%; t = 3 years; A = ?
A= $[ (Round to two decimal places as needed.)
Transcribed Image Text:Use the continuous compound interest formula to find the indicated value. P = $7,000; r = 3.05%; t = 3 years; A = ? A= $[ (Round to two decimal places as needed.)
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