If $6000 is invested in an account for which interest is compounded continuously

Algebra
Tutor: None Selected Time limit: 1 Day

 find the amount of the investment at the end of 13 years for the following interest rates. (Round your answers to the nearest cent.)

(a)    2%
 

(b)    3%
 

(c)    4.5%
 

(d)    8%
Apr 4th, 2015

a) $6,000*e^(.02*13)=$7,781.58

b) $6,000*e^(.03*13)=$8,861.88

c) $6,000*e^(.045*13)=$10,769.95

d) $6,000*e^(.08*13)=$16,975.30

Apr 4th, 2015

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
Apr 4th, 2015
...
Apr 4th, 2015
Dec 7th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer