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suppose that $18,670 is invested at an interest rate of 5.4% per year, commpounded continuously. 

A) find the exponential function that describes the amount in the account after time t, in years.

B) what is the balance afer 1 year? two year? 5 year? 10 years?

c) what is double timing 

 Dec 5, 2020
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amount after 't' years = 18670 e.054 t

 

for b part sub in   1 5 10 for 't' and calculate

 

for c part  put in   2*18670   for        amount after 't' years         then calculate  't'

 Dec 5, 2020

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