John has won the Maga-Bucks lottery, which pays $100.000 suppose he deposits the money in a saving account that pays an annual interest of 8% compounded continuously. How long will this money lost if the makes annual with drawals of $100.000

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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John has won the Maga-Bucks lottery, which pays $100.000 suppose he deposits the money in a saving account that pays an annual interest of 8% compounded continuously. How long will this money lost if the makes annual with drawals of $100.000

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