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Given the situation, choose the correct formula to solve the problem: How long (in years) would $6000 have to be invested at 12%, compounded continuously, to earn $12,000?

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter1: Understanding Personal Finance

Section1.4: Perform Time Value Of Money Calculations

Problem 3CC

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How long (in years) would $6000 have to bo invosted at 12%, compounded continuously, to earn $12,000?

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