Aman with $30,000 to invest decides to diversity his investments by placing $15,000 in an account that earns 6.2% compounded continuously and $15,000 in an account that earns 74% compounded annually Use graphical approximation methods to determine how long it will take for his total investment in the two accounts to grow to $45,000 It will take approximatelyyears for his total investment in the two accounts to grow to $45,000 (Type an integer or decimal rounded to one decimal place as needed) Next 1:03 PM P Type here to search 的。 54% 早 10/5/2021 ※一 F11 PrtSc Esc F5 Z Fe F12 Insert Delete 144 F1 F3 F4 F6 F7 F9 F10 23 & @ * 4. 6. 8. 9. Backspace Num Lock Q W T Y 7 8 Home * 00 E.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 67SE: Alyssa opened a retirement account with 7.25 APRin the year 2000. Her initial deposit was 13,500....
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A man with $30,000 to invest decides to diversify his investments by placing $15,000 in an account that earns 6.2% compounded continuously and $15,000 in an account that earns 7.4% compounded annually. Use graphical approximation methods to
determine how long it will take for his total investment in the two accounts to grow to $45,000.
years for his total investment in the two accounts to grow to $45,000.
It will take approximately
(Type an integer or decimal rounded to one decimal place as needed.)
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Transcribed Image Text:A man with $30,000 to invest decides to diversify his investments by placing $15,000 in an account that earns 6.2% compounded continuously and $15,000 in an account that earns 7.4% compounded annually. Use graphical approximation methods to determine how long it will take for his total investment in the two accounts to grow to $45,000. years for his total investment in the two accounts to grow to $45,000. It will take approximately (Type an integer or decimal rounded to one decimal place as needed.) Next 1:03 PM O Type here to search N 54% 10/5/2021 9. ※一 PrtSc Insert Delete Esc F7 F9 F10 F11 F12 F2 F3 F4 F5 F6 F8 %23 %$4 Backspace Num Lock 4. 5 6 8. Y U P 7 8 Home + || ये T %#3
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