nt Use the model A= Pe" or A=P|1+ where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. If $12,000 is invested in an account earning 7.5% interest compounded continuously, determine how long it will take the money to double. Round up to the nearest year.

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Q: nt Use the model A = Pe" or A =P1+- where A is the future value of P dollars invested at interest…

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Q: Beulah invests $1000 at 8% per annum continuously compounded for 5 years. Find the average account…

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