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"Lin is wants to earn an amount of $28399. She heard that ABC Bank is accepting investments to be compounded continuously at 3.61% interest per annum. If Lin currently has only $3126, how many years should she wait to reach the amount she wants?" A) 105 B 45 с) 61 D) 78 E) 26

"Lin is wants to earn an amount of $28399. She heard that ABC Bank is accepting investments to be compounded continuously at 3.61% interest per annum. If Lin currently has only $3126, how many years should she wait to reach the amount she wants?" A) 105 B 45 с) 61 D) 78 E) 26

Algebra & Trigonometry with Analytic Geometry
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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pls show solution and cash flow diagram, thanks!

"Lin is wants to earn an amount of $28399. She heard that ABC Bank is accepting investments to be compounded continuously at 3.61% interest per annum. If Lin currently has only $3126, how many years should she wait to reach the amount she wants?" A) 105 B 45 61 D) 78 E) 26
Transcribed Image Text:"Lin is wants to earn an amount of $28399. She heard that ABC Bank is accepting investments to be compounded continuously at 3.61% interest per annum. If Lin currently has only $3126, how many years should she wait to reach the amount she wants?" A) 105 B 45 61 D) 78 E) 26
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