Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Money is transferred continuously into an account at the constant rate of $80,000 per year. The account
earns interest at the annual rate of 5% compounded continuously. How much will be in the account at the
end of 10 years? Round to the nearest dollar.
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Transcribed Image Text:Money is transferred continuously into an account at the constant rate of $80,000 per year. The account earns interest at the annual rate of 5% compounded continuously. How much will be in the account at the end of 10 years? Round to the nearest dollar.
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