If Emery has $1200 to invest at 8% per year compounded monthly, how long will it be before he has $2400? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.) 80.889 yrs, 8.914 yrs 8.693 yrs, 8.664 yrs 0.113 yrs, 0.866 yrs O 0.751 yrs, 0.722 yrs

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.1: Exponential Functions
Problem 56E
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0 5
logzm + logzn -logzk
Question 4
Solve the problem.
If Emery has $1200 to invest at 8% per year compounded monthly, how long will it be before he has $2400? If the
compounding is continuous, how long will it be? (Round your answers to three decimal places.)
80.889 yrs, 8.914 yrs
8.693 yrs, 8.664 yrs
O 0.113 yrs, 0.866 yrs
O 0.751 yrs, 0.722 yrs
Question 5
Transcribed Image Text:0 5 logzm + logzn -logzk Question 4 Solve the problem. If Emery has $1200 to invest at 8% per year compounded monthly, how long will it be before he has $2400? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.) 80.889 yrs, 8.914 yrs 8.693 yrs, 8.664 yrs O 0.113 yrs, 0.866 yrs O 0.751 yrs, 0.722 yrs Question 5
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