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You invest $5000 in an account which pays interest compounded continuously. How mu Ch money is in the account after 10 years, if the annual interest rate is 5%? Round your answer to two decimal places. The balance is about $ . If you want the account to contain $ 8500 after 10 years, what yearly interest rate is needed? Round your answer to one decimal place. The rate required is about %. Show transcribed image text
You invest $5000 in an account which pays interest compounded continuously. How mu Ch money is in the account after 10 years, if the annual interest rate is 5%? Round your answer to two decimal places. The balance is about $ . If you want the account to contain $ 8500 after 10 years, what yearly interest rate is needed? Round your answer to one decimal place. The rate required is about %.
Show transcribed image text Casey DurganLv2
10 Sep 2019