Suppose an investment account is opened with an initial deposit of $10,500 earning 6.25% interest, compounded continuously.

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Suppose an investment account is opened with an initial deposit of $10,500 earning 6.25% interest, compounded continuously. How much will the account be worth after 25 years?

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Precalculus

ISBN: 9781938168345

1st Edition

Authors: Jay Abramson

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Question Posted: Jun 02, 2022 03:08 AM

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Suppose an investment account is opened with an initial deposit of $10,500 earning 6.25% interest, compounded continuously.

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Solution From the question we have P as 10500 R as 00625 ...View the full answer

Precalculus

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