Continuous Compounding If $8000 is invested for tyears at 8% interest, compounded continuously, thefuture value is given by S = 8000e0.08tdollars.a. Graph this function for 0 <= t <= 15.b. Use the graph to estimate when the future valuewill be $20,000.
Continuous Compounding If $8000 is invested for tyears at 8% interest, compounded continuously, thefuture value is given by S = 8000e0.08tdollars.a. Graph this function for 0 <= t <= 15.b. Use the graph to estimate when the future valuewill be $20,000.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 9E
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Continuous Compounding If $8000 is invested for t
years at 8% interest, compounded continuously, the
future value is given by S = 8000e0.08t
dollars.
a. Graph this function for 0 <= t <= 15.
b. Use the graph to estimate when the future value
will be $20,000.
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