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5. [-75 Points) DETAILS HARMATHAP12 5.1.036.NVA If $1000 is invested for years at 11%, compounded continuously, the future value that results is S = 10000.11%
5. [-75 Points) DETAILS HARMATHAP12 5.1.036.NVA If $1000 is invested for years at 11%, compounded continuously, the future value that results is S = 10000.11% What amount will result irf 3 years? (Round your answer to the nearest cent.) $ 6. (-/10 Points) DETAILS HARMATHAP125.1.034.NVA The purchasing power P of a fixed Income of $20,000 per year (such as a pension) after years of 4% inflation can be modeled by P = 20,000(1.04)-4 (a) Find the purchasing power after 5 years. (Round your answer to the nearest dollar.) $ (b) Find the purchasing power after 20 years. (Round your answer to the nearest dollar.) $ 7. [-/5 Points] DETAILS HARMATHAP12 5.1.013
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