Help Fiona invested $1100 at 6% compounded continously. At the same time, Maria invested $1200 at 6% compounded daily. How long will it take for their investments to be equal in value? Assume there are 365 days in every year. years (Do not round until the final answer. Then round to the nearest year as needed.)

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 11T: Suppose that $12,000 is invested in a saving account paying 5.6% interest per year. (a)Write the...
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Fiona invested $1100 at 6% compounded continously. At the same time, Maria invested $1200 at 6% compounded daily. How long will it take for their investments to be
equal in value? Assume there are 365 days in every year.
3 Help
years
(Do not round until the final answer. Then round to the nearest year as needed.)
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2 to he
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Transcribed Image Text:4.4.91 Question Help ▼ Fiona invested $1100 at 6% compounded continously. At the same time, Maria invested $1200 at 6% compounded daily. How long will it take for their investments to be equal in value? Assume there are 365 days in every year. 3 Help years (Do not round until the final answer. Then round to the nearest year as needed.) G rary has ons Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check Answer 2 to he W МacВook Air DD 80 888 F11 F10 F8 F9 F6 F7 F5 F2 F3 F4 &
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