If ​$5000is deposited in a savings account that earns interest at an annual rate of 7.5​%interest compounded​ continuously, what is the value of the account at the end of two ​years?

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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If ​$5000is deposited in a savings account that earns interest at an annual rate of
7.5​%interest compounded​ continuously, what is the value of the account at the end of two ​years?
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