You invest $8000 at an annual rate of 4.2%. Find the balance after 5 years when the interest is compounded continuousl

Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section5.1: Exponential Functions And Their Graphs
Problem 8ECP: You invest $6000 at an annual rate of 4. Find the balance after 7 years for each type of...
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You invest $8000 at an annual rate of 4.2%. Find the balance after 5 years when the interest is compounded continuously.

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