If Emery has $2000 to invest at 9% per year compounded monthly, how long will it be before he has $2900? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.)

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
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If Emery has $2000 to invest at 9% per year compounded monthly, how long will it be
before he has $2900? If the compounding is continuous, how long will it be? (Round your
answers to three decimal places.)
Transcribed Image Text:If Emery has $2000 to invest at 9% per year compounded monthly, how long will it be before he has $2900? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.)
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