Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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**Continuous Compound Interest Problem** If $4000 is invested at an interest rate of 7.25% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) (a) 3 years $ [ ] (b) 6 years $ [ ] (c) 9 years $ [ ]
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Transcribed Image Text:**Continuous Compound Interest Problem** If $4000 is invested at an interest rate of 7.25% per year, compounded continuously, find the value of the investment after the given number of years. (Round your answers to the nearest cent.) (a) 3 years $ [ ] (b) 6 years $ [ ] (c) 9 years $ [ ]
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