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If $7000 is invested for t years at 7% interest compounded continuously, the future value is given by S = 7000 e 0.07t dollars.
If $7000 is invested for t years at 7% interest compounded continuously, the future value is given by S = 7000 e 0.07t dollars. Complete parts (a) through (c). (a) Graph this function for 0 sts 15. Choose the correct graph below. OA. AS 34,000 G 0 15 B. C. OD. AS 34,000 Q AS AS 34,000 34,000- Q 0 15 0- 0 15 0- 0 E 15 (b) Use the graph to estimate when the future value will be $16,000. Choose the correct answer below. OA. te 10.81 years OB. t 23.62 years C. t 11.81 years OD. t 12.81 years (c) Complete the following table. t (Year) S ($) 18,651.19 (Round to the nearest whole number as needed.)
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