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 $950? O a) 2021 O b) 2041 O c) 2052 d) 2057

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter65: Achievement Review—section Six
Section: Chapter Questions
Problem 45AR
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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 $950?
O a) 2021
O b) 2041
OC) 2052
Od) 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 $950? O a) 2021 O b) 2041 OC) 2052 Od) 2057
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