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Find the time required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate of 6.7 percent per year, compounded daily. years. > Next Question

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter8: Sequences And Series

Section8.4: Mathematics Of Finance

Problem 9E: Saving How much money should be invested every quarter at 10% per year, compounded quarterly, to...

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Find the time required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate
of 6.7 percent per year, compounded daily.
years.
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