A bank offers 5% compounded continuously. How soon will a deposit do the following? (Round your answers to one decimal place.) (a) quadruple _____yr (b) increase by 70% ________yr
A bank offers 5% compounded continuously. How soon will a deposit do the following? (Round your answers to one decimal place.) (a) quadruple _____yr (b) increase by 70% ________yr
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 24P
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Question
A bank offers 5% compounded continuously. How soon will a deposit do the following? (Round your answers to one decimal place.)
(a) quadruple
_____yr
(b) increase by 70%
________yr
_____yr
(b) increase by 70%
________yr
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