The time t taken for an investment to increase by 40% when the interest rate is 3% is given by t= ln 1.40/0.03 Evaluate this expression by using the first four terms of the appropriate series.(Do not round until the final answer. Then round to four decimal places as​ needed.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 60SE: The formula for the amount A in an investmentaccount with a nominal interest rate r at any timet is...
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The time t taken for an investment to increase by 40% when the interest rate is 3% is given by t= ln 1.40/0.03 Evaluate this expression by using the first four terms of the appropriate series.(Do not round until the final answer. Then round to four decimal places as​ needed.)
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