Complete the table for the time t (in years) necessary for P dollars to triple if interest is compounded continuously atrate r.8%10%11%13%14%15%rt(Round the answer up to two decimal places.)8%10%11%13%14%15%t13.7310.999.997.857.328.458%10%11%13%14%15%7.327.858.459.9910.9913.738%10%11%13%14%15%7.327.859.998.4510.9913.738%10%11%13%14%15%r13.7310.999.998.457.857.328%10%11%13%14%15%t13.739.9910.998.457.327.85

Note that the formula for FV for compounded continouously is: A=Pert Here, given that A=3P then:…

Answered: Complete the table for the time t (in…

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section5.3: The Natural Exponential Function

Problem 9E

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Complete the table for the time t (in years) necessary for P dollars to triple if interest is compounded continuously at rate r. 8% 10% |11% 13% 14% 15% (Round the answer up to two decimal places.)