Question
Suppose that money is deposited daily into a savings account at an annual rate of $16,000. If the account pays 5% interest compounded continuously, estimate
Suppose that money is deposited daily into a savings account at an annual rate of $16,000.
If the account pays 5% interest compounded continuously, estimate the balance in the account at the end of 5 years.
The approximate balance in the account is $_____
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Precalculus Functions And Graphs
Authors: Mark Dugopolski
4th Edition
0321849124, 9780321849120
