Find the interest rate needed for an investment of $5,000 to grow to an amount of $7,500 in 4 years if interest is compounded monthly. (Round your answer to the nearest hundredth of a percentage point.) % Find the accumulated amount after 10 yr if $5800 is invested at 4%/year compounded continuously. $
Find the interest rate needed for an investment of $5,000 to grow to an amount of $7,500 in 4 years if interest is compounded monthly. (Round your answer to the nearest hundredth of a percentage point.) % Find the accumulated amount after 10 yr if $5800 is invested at 4%/year compounded continuously. $
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.1: Exponential Functions
Problem 2YT
Question
Transcribed Image Text:Find the interest rate needed for an investment of $5,000 to grow to an amount of $7,500 in 4 years if interest is compounded monthly. (Round your answer to the nearest
hundredth of a percentage point.)
%
Transcribed Image Text:Find the accumulated amount after 10 yr if $5800 is invested at 4%/year compounded continuously.
$
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