John has won the Maga-Bucks lottery, which pays $100.000 suppose he deposits the money in a saving account that pays an annual interest of 8% compounded continuously. How long will this money lost if the makes annual with drawals of $100.000

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
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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John has won the Maga-Bucks lottery, which pays $100.000 suppose he deposits the money in a saving account that pays an annual interest of 8% compounded continuously. How long will this money lost if the makes annual with drawals of $100.000

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