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QUESTION
Suppose that $19,917 s invested at an interest rate of 5.8% per year, compounded continuously. a) Find the exponential function that describes the...
Suppose that $19,917 s invested at an interest rate of 5.8% per year, compounded continuously.
a) Find the exponential function that describes the amount in the account after timet, in years.
b) What is the balance after 1year? 2years? 5years? 10years?
c) What is the doublingtime?
