Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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Find the time required for an investment of $2500 to grow to $5500 at an interest rate of 5.4% per year for the following periods:

a. Compounded quarterly

b. Compounded continuously

c. Suppose you plan to use your investment of $2500 an interest rate of 5.4% per year and you wait for 20 years while it is compounded continuously. Will this investment be enough to cover the cost of $7500, which can be used for house upgrades and maintenance?

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