Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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33. Early retirement. Lauren Johnson signs a 10-yr con-
tract as a loan officer for a bank, at a salary of $84,000
per year. After 7 yr, the bank offers her early retire-
ment. What is the least amount the bank should offer
Lauren, assuming an interest rate of 4.7%, compounded
continuously?
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Transcribed Image Text:33. Early retirement. Lauren Johnson signs a 10-yr con- tract as a loan officer for a bank, at a salary of $84,000 per year. After 7 yr, the bank offers her early retire- ment. What is the least amount the bank should offer Lauren, assuming an interest rate of 4.7%, compounded continuously?
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