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# Suppose that \$ 14,743 is invested at an interest rate of 5.7 % per year, compounded continuously. Find the exponential function that describes the...

Suppose that ​\$14,743 is invested at an interest rate of 5.7% per​ year, compounded continuously.

Find the exponential function that describes the amount in the account after time​ t, in years.

What is the balance after 1​ year? 2​ years? 5​ years? 10​ years?

What is the doubling​ time?

#### Top Answer

here P = \$14,743 r =5.7% = 0.057 So exponential function which tells the future value(A) in account is A=14743 ﻿ e ​ 0 .... View the full answer

#### Other Answers

Exponential function that gives the amount is 14743*(e (0.057)*t ) . Balance in the account... View the full answer

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