Use the continuous compound interest formula to find the indicated value. A = $90,000; P = $56,816; r= 9.2%; t= ? %3D

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
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Use the continuous compound interest formula to find the indicated value.
A = $90,000; P = $56,816; r= 9.2%; t ?
t= 17.22 years
(Do not round until the final answer. Then round to two decimal places as needed.
Transcribed Image Text:Use the continuous compound interest formula to find the indicated value. A = $90,000; P = $56,816; r= 9.2%; t ? t= 17.22 years (Do not round until the final answer. Then round to two decimal places as needed.
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