Question
Asked Dec 12, 2019
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Section 2.3 (33)

How long will it take a $500 investment to be worth $700  if it is continuously compounded at 10% per year? (Give the answer to two decimal places.)

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Step 1

Recall the follow...

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Compound amount formula for compounding aontinuously. A = Pe* where A is the compounded amount P is the principal amount r is the interest rate t is the time in years

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Advanced Math