14209an4.1 - a) how much will it be worth in 5 years? b)...

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c ± Kendra Kilmer February 27, 2009 Section 4.1 - The Constant e and Continuous Compound Interest ***Go back and read Section 2.4 Notes*** Recall that for continous compound interest: Example 1: A bank offers a 5-year CD that earns 3 . 25%/year compounded continuously. If $5,000 is invested in this CD,
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Unformatted text preview: a) how much will it be worth in 5 years? b) how long will it take for the account to be worth $5,500? Example 2: At what interest rate compounded continuously must money be invested to double in 5 years? Section 4.1 Homework Problems: 5,17,21,25,35,39 1...
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