$10,000 is invested at an annual interest rate of 11% for a period of 5 value of the investment if the interest is compounded continuously.

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.CR: Review Problem Set
Problem 56CR
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$10,000 is invested at an annual interest rate of 11% for a period of 5 years. Find the
value of the investment if the interest is compounded continuously.
Transcribed Image Text:$10,000 is invested at an annual interest rate of 11% for a period of 5 years. Find the value of the investment if the interest is compounded continuously.
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