Investment A is currently worth 80,000 and is compounded continuously at a rate of 7%. Investment B is currently worth 70,000 and is compounded quarterly at a rate of 10%. Determine how long it takes until the two investments have the same value.
Investment A is currently worth 80,000 and is compounded continuously at a rate of 7%. Investment B is currently worth 70,000 and is compounded quarterly at a rate of 10%. Determine how long it takes until the two investments have the same value.
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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Investment A is currently worth 80,000 and is compounded continuously at a rate of 7%. Investment B is currently worth 70,000 and is compounded quarterly at a rate of 10%. Determine how long it takes until the two investments have the same value.
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