16. Suppose that $50,000 from a retirement account is invested in a large cap stock fund. After 20 yr, the value is $194,809.67. a. Use the model A = Pe" to determine the average rate of return under continuous compounding. Round to the nearest tenth of a percent. b. How long will it take the investment to reach one-quarter million dollars? Round to the nearest tenth of a year.

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16. Suppose that $50,000 from a retirement account is invested in a large cap stock fund. After 20 yr, the value is $194,809.67. a. Use the model A = Pe" to determine the average rate of return under continuous compounding. Round to the nearest tenth of a percent. b. How long will it take the investment to reach one-quarter million dollars? Round to the nearest tenth of a year. 

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