Delbert invests $250 in an account that pays 8.5% interest compounded continuously. a. Write a formula A (t) that gives the amount of money in Delbert's account after t years. A (t) = b. How long will it take Delbert's investment to double to S? Round to 1 decimal place. years c. How long will it take Delbert's investment to double again, to $ (starting from the time it hit S)? Round to 1 decimal place. years
Delbert invests $250 in an account that pays 8.5% interest compounded continuously. a. Write a formula A (t) that gives the amount of money in Delbert's account after t years. A (t) = b. How long will it take Delbert's investment to double to S? Round to 1 decimal place. years c. How long will it take Delbert's investment to double again, to $ (starting from the time it hit S)? Round to 1 decimal place. years
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...
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