If Emery has $1200 to invest at 8% per year compounded monthly, how long will it be before he has $2400? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.) 80.889 yrs, 8.914 yrs 8.693 yrs, 8.664 yrs 0.113 yrs, 0.866 yrs O 0.751 yrs, 0.722 yrs

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 8E
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0 5
logzm + logzn -logzk
Question 4
Solve the problem.
If Emery has $1200 to invest at 8% per year compounded monthly, how long will it be before he has $2400? If the
compounding is continuous, how long will it be? (Round your answers to three decimal places.)
80.889 yrs, 8.914 yrs
8.693 yrs, 8.664 yrs
O 0.113 yrs, 0.866 yrs
O 0.751 yrs, 0.722 yrs
Question 5
Transcribed Image Text:0 5 logzm + logzn -logzk Question 4 Solve the problem. If Emery has $1200 to invest at 8% per year compounded monthly, how long will it be before he has $2400? If the compounding is continuous, how long will it be? (Round your answers to three decimal places.) 80.889 yrs, 8.914 yrs 8.693 yrs, 8.664 yrs O 0.113 yrs, 0.866 yrs O 0.751 yrs, 0.722 yrs Question 5
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