For the following amount at the given interest rate compounded continuously, find (a) the future value after 5 years, (b) the effective rate, and (c) the time to reach $14,000. $5700 at 3.2% a. The...


For the following amount at the given interest rate compounded continuously, find (a) the future value after 5 years, (b) the effective rate, and (c) the time to reach $14,000.<br>$5700 at 3.2%<br>a. The future value after 5 years is approximately $<br>(Do not round until the final answer. Then round to the nearest cent as needed.)<br>b. The effective rate is<br>(Do not round until the final answer. Then round to two decimal places as needed.)<br>years.<br>c. The time to reach $14,000 from $5700 at 3.2% compounded continuously is<br>(Do not round until the final answer. Then round to two decimal places as needed.)<br>

Extracted text: For the following amount at the given interest rate compounded continuously, find (a) the future value after 5 years, (b) the effective rate, and (c) the time to reach $14,000. $5700 at 3.2% a. The future value after 5 years is approximately $ (Do not round until the final answer. Then round to the nearest cent as needed.) b. The effective rate is (Do not round until the final answer. Then round to two decimal places as needed.) years. c. The time to reach $14,000 from $5700 at 3.2% compounded continuously is (Do not round until the final answer. Then round to two decimal places as needed.)

Jun 03, 2022
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