$4,000 is invested with a 5.3% APR compounded continuously. What is the value of the investment after 11 years?

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.1: Exponential Functions
Problem 53E: Interest Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and...
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  1. $4,000 is invested with a 5.3% APR compounded continuously. What is the value of the investment after 11 years?

       

  2. $550 is invested with a 3.5% APR compounded continuously. What is the value of the investment after 11 years?

       

  3. $2,100 is invested with a 4.5% APR compounded continuously. What is the value of the investment after 11 years?

     

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