document.write( "Question 1033295: A $9000 deposit in an account with an APR of 6.1% compounded continuously for 5 years. \n" ); document.write( "
Algebra.Com's Answer #647864 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! A $9000 deposit in an account with an APR of 6.1% compounded continuously for 5 years. \n" ); document.write( "-------------- \n" ); document.write( "A(t) = P*e^(rt) \n" ); document.write( "---- \n" ); document.write( "A(5) = 9000*e^(0.061*5) = $12209.63 \n" ); document.write( "------------ \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "-------------- \n" ); document.write( " |