Question: For the following amount at the given interest rate compounded continuously, finc (a) the future value after 6 years, (b) the effective rate, and (c)
For the following amount at the given interest rate compounded continuously, finc (a) the future value after 6 years, (b) the effective rate, and (c) the time to reach $14,000. $5600 at 3.9% a. The future value after 6 years is approximately $ (Do not round until the final answer. Then round to the nearest cent as needed.) b. The effective rate is %. (Do not round until the final answer. Then round to two decimal places as needed.) c. The time to reach $14,000 from $5600 at 3.9% compounded continuously is years. (Do not round until the final answer. Then round to two decimal places as needed.)
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