Mr. Investment is projecting to make a substantial amount of money using this function, A = Pe". In 2021 he invested $650 in a stock that grows continuously at a rate of 1.08% return. In what year will he make $800? O a) 2021 O b) 2041 O) 2052 O d) 2057

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.2: Arithmetic Sequences
Problem 67E
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Mr. Investment is projecting to make a substantial amount of money using this
function, A = Pe". In 2021 he invested $650 in a stock that grows
continuously at a rate of 1.08% return. In what year will he make $800?
O a) 2021
O b) 2041
O) 2052
O d) 2057
Transcribed Image Text:Mr. Investment is projecting to make a substantial amount of money using this function, A = Pe". In 2021 he invested $650 in a stock that grows continuously at a rate of 1.08% return. In what year will he make $800? O a) 2021 O b) 2041 O) 2052 O d) 2057
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