Suppose that P dollars in principal is invested for t years at the given interest rates with continuous c amount that the investment is worth at the end of the given time period. P= $16,000, t = 14 yr (a) 3% interest (b) 4% interest (c) 4.5% interest Part: 0/ 3 Part 1 of 3 (a) At 3% interest rate, the investment will be worth $ at the end of 14 yr.
Suppose that P dollars in principal is invested for t years at the given interest rates with continuous c amount that the investment is worth at the end of the given time period. P= $16,000, t = 14 yr (a) 3% interest (b) 4% interest (c) 4.5% interest Part: 0/ 3 Part 1 of 3 (a) At 3% interest rate, the investment will be worth $ at the end of 14 yr.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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Transcribed Image Text:Suppose that P dollars in principal is invested for t years at the given interest rates with continuous com
amount that the investment is worth at the end of the given time period.
P=$16,000, t=14 yr
(a) 3% interest
(b) 4% interest
(c) 4.5% interest
Part: 0/ 3
Part 1 of 3
(a) At 3% interest rate, the investment will be worth $
at the end of 14 yr.
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