Suppose that $10,000 is invested at an interest rate of 5.4% per year, compounded continuously. a) Find
Question:
a) Find the exponential function that describes the amount in the account after time t, in years.
b) What is the balance after 1 year? 2 years? 5 years? 10 years?
c) What is the doubling time?
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a Substitute 10000 for P 0 and 54 or 0054 ...View the full answer
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Related Book For 
College Algebra Graphs and Models
ISBN: 978-0321845405
5th edition
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
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