Listen Suppose that $500 is invested at an annual interest rate of 5.6%. Find the final amount of the investment after 10 years for interest compounded continuously. Be sure to show all work to receive full credit.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 37CT: On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest,...
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Suppose that $500 is invested at an annual interest rate of 5.6%. Find the final
amount of the investment after 10 years for interest compounded continuously. Be
sure to show all work to receive full credit.
Transcribed Image Text:Listen Suppose that $500 is invested at an annual interest rate of 5.6%. Find the final amount of the investment after 10 years for interest compounded continuously. Be sure to show all work to receive full credit.
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