Question
The formula A-Pe describes the accumulated value, A, of a sum of money, P, the principal, after t years at annual percentage rate r
The formula A-Pe describes the accumulated value, A, of a sum of money, P, the principal, after t years at annual percentage rate r (in decimal form) compounded continuously. Complete the table for a savings account subject to continuous compounding. Amount Invested Annual Interest Rate $9500 9% Accumulated Amount Time t in Years Double the amount invested (Do not round until the final answer. Thers round to one decimal place as needed.)
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Algebra and Trigonometry
Authors: Ron Larson
10th edition
9781337514255, 1337271179, 133751425X, 978-1337271172
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