Question Fred invested $25,328 in a stock account with continuous compounding. If the annual interest rate is 8.1%, how long will it take for the account to have $46,134? (Round your answer to the nearest tenth of a year.) Provide your answer below: years
Question Fred invested $25,328 in a stock account with continuous compounding. If the annual interest rate is 8.1%, how long will it take for the account to have $46,134? (Round your answer to the nearest tenth of a year.) Provide your answer below: years
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 26E
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