COMPLETE ON PAGE 22 OF YOUR INTERACTIVE NOTEBOOK!!

1.) What are the first 10 decimals of e?

2.) Google “Leonhard Euler” or “e (mathematical constant),” and write down two interesting things you find:

3.) Find the amount in a continuously compounded account for the given conditions:

a. Principal: $2000 b. Principal: $400 c. Principal: $950

Annual interest rate: 5.1% Annual interest rate: 7.6% Annual Interest Rate: 6.5%
Time: 3 years Time: 1.5 years Time: 10 years

4.) Your friend invested $1000 in an account that pays 6% annual interest. How much will she have in her account
after her college graduation in 4 years…

a. If interest is compounded b. If interest is compounded c. If interest is compounded

annually? monthly? continuously?

5.) A student wants to save $8000 for college in five years. How much should be put into an account that pays 5.2%
annual interest compounded continuously?

6.) How long would it take to double your principal in an account that pays 6.5% annual interest compounded
continuously?