Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.CR: Review Problem Set
Problem 56CR
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![$10,000 is invested at an annual interest rate of 11% for a period of 5 years. Find the
value of the investment if the interest is compounded continuously.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F666f692a-4d25-4a0b-bed8-07dad6b3419e%2F1ab54af2-711c-4f81-a562-8ddbdbacab9f%2Fhf8appn_processed.png&w=3840&q=75)
Transcribed Image Text:$10,000 is invested at an annual interest rate of 11% for a period of 5 years. Find the
value of the investment if the interest is compounded continuously.
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