Suppose you invest $17,000 at age 25 and want the investment to be worth $25,000 when you turn 35. If the interest compounds continuously, what rate of growth will you need to achieve your goal? Round to 2 decimal places.

Suppose you invest $17,000 at age 25 and want the investment to be worth $25,000 when you turn 35. If the interest compounds continuously, what rate of growth will you need to achieve your goal? Round to 2 decimal places.

Name: Suppose you invest $17,000 at age 25 and want the investment to be wo
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Description: Suppose you invest $17,000 at age 25 and want the investment to be worth $25,000 when you turn 35. Ifthe interest compounds continuously, what rate of growth will you need to achieve your goal? Round to 2decimal places.

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter10: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 442RE: Jerome invests $18,000 at age 17. He hopes the investments will be worth $30,000 when he turns 26....

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