For these problems, use this formula for compounding interest continuously. Round answer to 2 decimal places. A = Pert Find the time it takes for $8,500 to double when invested at an annual interest rate of 7%, compounded continuously. years Find the time it takes for $850,000 to double when invested at an annual interest rate of 7%, compounded continuously. years
For these problems, use this formula for compounding interest continuously. Round answer to 2 decimal places. A = Pert Find the time it takes for $8,500 to double when invested at an annual interest rate of 7%, compounded continuously. years Find the time it takes for $850,000 to double when invested at an annual interest rate of 7%, compounded continuously. years
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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