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Suppose that $7000 is invested at an interest rate of 5.2% per year, compounded continuously. How many years does it take for the money to grow to $14000 ?
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Jun 6, 2022
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Suppose that $7000 is invested at an interest rate of 5.2% per year, compounded
continuously. How many years does it take for the money to grow to $14000 ?
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SecretCastle
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Answer:
use the formula 14000=7000(1+5.2÷100)^t-1
Alisom Martins
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Jun 10, 2022
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Alisom Martins
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