Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Question
You deposit $4000 in an account earning 7% interest compounded continuously. The amount of money, A, in the account after t years is given by A = 4000e0.07. How much will you have in the account in 8 years? $ Round your answer to 2 decimal places. How long will it be until you have $14200 in the account? years. Round your answer to 2 decimal places. How long does it take for the money in the account to double? years. Round your answer to 2 decimal places.
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Transcribed Image Text:You deposit $4000 in an account earning 7% interest compounded continuously. The amount of money, A, in the account after t years is given by A = 4000e0.07. How much will you have in the account in 8 years? $ Round your answer to 2 decimal places. How long will it be until you have $14200 in the account? years. Round your answer to 2 decimal places. How long does it take for the money in the account to double? years. Round your answer to 2 decimal places.
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