Question
For the following amount at the given interest rate compounded continuously, find (a) the future value after 9 years, (b) the effective rate, and (c)
For the following amount at the given interest rate compounded continuously, find (a) the future value after 9 years, (b) the effective rate, and (c) the time to reach $10000. $5800 at 3.7% a. The future value after 9 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 $10000 from $5800 at 3.7% is ___years. (Do not round until the final answer. Then round to two decimal places as needed.)
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