Julia invested $48,000 in an account paying an interest rate of 7 1/8 % compounded daily. Cameron invested $48,000 in an account paying an interest rate of 7 3/4 % compounded continuously. To the nearest dollar, how much money would Julia have in her account when Cameron money has tripled in value?
Julia invested $48,000 in an account paying an interest rate of 7 1/8 % compounded daily. Cameron invested $48,000 in an account paying an interest rate of 7 3/4 % compounded continuously. To the nearest dollar, how much money would Julia have in her account when Cameron money has tripled in 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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Julia invested $48,000 in an account paying an interest rate of 7 1/8 % compounded daily. Cameron invested $48,000 in an account paying an interest rate of 7 3/4 % compounded continuously. To the nearest dollar, how much money would Julia have in her account when Cameron money has tripled in value?
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