Answered: Twenty years ago, Euler deposited $3000…

Twenty years ago, Euler deposited $3000 into a college savings account which pays 4% interest, compounded continuously. What is the current value of the investment? Round to the nearest cent

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...

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Question

100%

ctice #1
Twenty years ago, Euler deposited $3000 into a college
od
savings account which pays 4% interest, compounded
continuously.
What is the current value of the investment? Round to
the nearest cent
Submit
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