If $12,000 is deposited in an account paying 8% interest per year, compounded continuously, how long will it take for the balance to reach $20,000?
If $12,000 is deposited in an account paying 8% interest per year, compounded continuously, how long will it take for the balance to reach $20,000?
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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If $12,000 is deposited in an account paying 8% interest per year, compounded continuously, how long will it take for the balance to reach $20,000?
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