A company arranges to make continuous deposits into a savings account at the rate of P dollars
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A company arranges to make continuous deposits into a savings account at the rate of P dollars per year. The savings account earns 5% interest compounded continuously. Find the approximate value of P that will make the savings account balance amount to $50,000 in 4 years.
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The balance of the account after t years satisfies t...View the full answer
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Related Book For 
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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