6. Exponential & Logarithmic Functions

The Number e

2:01 minutes

Problem 53c

Textbook Question

Textbook Question# Use the compound interest formulas A = P (1+ r/n)^nt and A =Pe^rt to solve exercises 53-56. Round answers to the nearest cent. Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 1.32% if the money is a. compounded semiannually; b. compounded quarterly; c. compounded monthly; d. compounded continuously.

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