How long (in years) will it take a $300 investment to be worth $400 if it is continuously compounded at 11% per year? (Give the answer to two decimal places.) yr
How long (in years) will it take a $300 investment to be worth $400 if it is continuously compounded at 11% per year? (Give the answer to two decimal places.) yr
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 9E: Saving How much money should be invested every quarter at 10% per year, compounded quarterly, to...
Question
How long (in years) will it take a $300 investment to be worth $400 if it is continuously compounded at 11% per year? (Give the answer to two decimal places.)
yr
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