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# Interest Ali Williams invests a \$25,000 inheritance in a

ISBN: 9780321749000 67

## Solution for problem 42A Chapter 2.4

Calculus with Applications | 10th Edition

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Problem 42A

Problem 42A

Interest Ali Williams invests a \$25,000 inheritance in a fund paying 5.5% per year compounded continuously. What will be the amount on deposit after each time period?

a. 1 year

b. 5 years

c. 10 years

Step-by-Step Solution:

Solution:-

Step 1 of 4

Given that

We have to find  what will be the amount on deposit after each time period?

Step 2 of 4

Step 3 of 4

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Interest Ali Williams invests a \$25,000 inheritance in a