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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Calculus And Its Applications

ISBN: 9780134437774

14th Edition

Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar

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