Answered: You invest $750 in bank which pays 8%…

You invest $750 in bank which pays 8% interest per year compounded continuously. What will be the value of the investment after 5 years ?

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter2: Equations, Inequalities, And Problem Solving

Section2.S: Summary

Problem 8S

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You invest $750 in bank which pays 8% interest per year compounded continuously. What will be the value of the investment after 5 years ?

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