If $28,800 is invested in an account that earns interest at an annual rate of 2.8%, compounded continuously, how long will it take for the account to reach $120,000? (Round your answer to the nearest year.) It will take _ years.
If $28,800 is invested in an account that earns interest at an annual rate of 2.8%, compounded continuously, how long will it take for the account to reach $120,000? (Round your answer to the nearest year.) It will take _ years.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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If $28,800 is invested in an account that earns interest at an annual rate of 2.8%, compounded continuously, how long will it take for the account to reach $120,000? (Round your answer to the nearest year.)
It will take _ years.
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