SOLUTION: A CD paying 7% APR computing continuously. Find the value of CD if invest $4000 for 9 years.

Question 1147724: A CD paying 7% APR computing continuously. Find the value of CD if invest $4000 for 9 years.
Answer by ikleyn(52878) (Show Source): You can put this solution on YOUR website!
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A CD paying 7% APR continuously. Find the value of CD if invest $4000 for 9 years.
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Future value = ,


where e = 2.71828 is the base of natural logarithms.


Use your calculator.

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On such problems, see the lesson
- Compound interest percentage problems
in this site.

Also, learn the meaning of the terms you use.

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