Use the equation A=Pe^rt to answer the question. Show all work. Abigail wants to save $15,000 to buy a car in seven years. If she deposits $10,000 into an account that receives 5.7 percent interest compounded continuously, will she have enough money in seven years?

Use the equation A=Pe^rt to answer the question. Show all work. Abigail wants to save $15,000 to buy a car in seven years. If she deposits $10,000 into an account that receives 5.7 percent interest compounded continuously, will she have enough money in seven years?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 67SE: Alyssa opened a retirement account with 7.25 APRin the year 2000. Her initial deposit was 13,500....

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