Homework Help: algebra

Posted by selina on Sunday, May 9, 2010 at 12:34pm.

Suppose that $4000 is invested at an interest rate of 5.5% per year, compounded continuously. What is the balance after 8 years?

algebra - bobpursley, Sunday, May 9, 2010 at 2:37pm
FV=4000e^8x.055= 4000e^=6210.83

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