Solve using the formula for exponential growth:     Randy in…

Solve using the formula for exponential growth:     Randy invested his inheritance in an account that paid 6.8% interest, compounded continuously. After 8 years, he found that he now had $62,645.81.  What was the original amount of his inheritance?  Round to the nearest dollar.     Randy’s original inheritance amount was approximately:

Solve.  Use the compound interest formula:    An initial in…

Solve.  Use the compound interest formula:    An initial investment of $14,000 is appreciated for 12 years in an account that earns 13% interest, compounded semiannually. Find the amount of money in the account at the end of the period. You MUST show your work for this question.  On your scratch paper, copy the problem and show the steps you used to solve it.  Then, hold the paper up to your webcam for at least 5 seconds so that your work can be verified.  Failure to do so will result in a 50% point penalty for this question.