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Alice invests $5,000 at age 28 from the signing bonus of her new job. She hopes the investments will be worth $20,000 when she turns 40. If the interest compounds continuously, approximately what rate
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Alice invests $5,000 at age 28 from the signing bonus of her new job. She hopes the investments will be worth $20,000 when she turns 40. If the interest compounds continuously, approximately what rate of growth will she need to achieve her goal?

User Bdart
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Answer:4000 per year

Explanation:

User JD Allen
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