Stan invests $5,000 at age 18. He hopes the investments will be worth $10,000 when he turns 25. If the interest compounds continuously, approximately what rate of growth will he need to achieve his goal?
Stan invests $5,000 at age 18. He hopes the investments will be worth $10,000 when he turns 25. If the interest compounds continuously, approximately what rate of growth will he need to achieve his goal?
Chapter10: Exponential And Logarithmic Functions
Section10.5: Solve Exponential And Logarithmic Equations
Problem 10.85TI: Hector invests $10,000 at age 21. He hopes the investments will be worth when he turns 50. If the...
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Stan invests $5,000 at age 18. He hopes the investments will be worth $10,000 when he turns 25. If the interest compounds continuously, approximately what rate of growth will he need to achieve his goal?
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