Find the compound amount and the amount of interest earned by the following deposit. $5400 at 3.1% compounded continuously for 7 years.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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Find the compound amount and the amount of interest earned by the following deposit.
$5400 at 3.1% compounded continuously for 7 years.
Transcribed Image Text:Find the compound amount and the amount of interest earned by the following deposit. $5400 at 3.1% compounded continuously for 7 years.
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