How long will it take to triple your money at a nominal rate of 8% p.a. compounded a. Quarterly b. continuously

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter10: Exponential And Logarithmic Functions
Section10.2: Evaluate And Graph Exponential Functions
Problem 10.31TI: Angela invested $15,000 in a savings account. If the interest rate is 4%, how much will be in the...
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How long will it take to triple your money at a nominal rate of 8% p.a. compounded
a. Quarterly
b. continuously
Transcribed Image Text:How long will it take to triple your money at a nominal rate of 8% p.a. compounded a. Quarterly b. continuously
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