Mathematics, 23.07.2021 01:10 Gearyjames8

Suppose that $17,965 is invested at an interest rate of 6.6 % per year, compounded continuously. a) Find the exponential function that describes the amount in the account after time t, in years. b) What is the balance after 1 year? 2 years? 5 years? 10 years? c) What is the doubling time? a) The exponential growth function is P(t) nothing. (Type exponential notation with positive exponents. Do not simplify. Use integers or decimals for any numbers in the equation.) b) The balance after 1 year is $ nothing. (Simplify your answers. Round to two decimal places as needed.) The balance after 2 years is $ nothing. (Simplify your answers. Round to two decimal places as needed.) The balance after 5 years is $ nothing. (Simplify your answers. Round to two decimal places as needed.) The balance after 10 years is $ nothing. (Simplify your answers. Round to two decimal places as needed.) c) The doubling time is nothing years. (Simplify your answers. Round to one decimal place as needed.)

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Suppose that $17,965 is invested at an interest rate of 6.6 % per year, compounded continuously....

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