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Suppose you were to deposit $928.00 into a savings account that earns 1.8% interest compounded continuously. Use the continuously compounding interest formula A =
Suppose you were to deposit $928.00 into a savings account that earns 1.8% interest compounded continuously. Use the continuously compounding interest formula A = Pert to answer the following. a) How much money will be in the account after 8 years? Round to the nearest cent. b) How much money will be in the account after 16 years? Round your answer to the nearest cent. CHECK ANSWER
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SOLUTION a A Pert The principal amount P is 92800 Th...
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
