Nathan invested $80,000 in an account paying an interest rate of 6% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $175,600? Answer: Submit Answer
Nathan invested $80,000 in an account paying an interest rate of 6% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $175,600? Answer: Submit Answer
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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![Soniyah Reed
Compounding-Solve for Time
Oct 10, 10:30:01 PM
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Nathan invested $80,000 in an account paying an interest rate of 6% compounded
continuously. Assuming no deposits or withdrawals are made, how long would it
take, to the nearest year, for the value of the account to reach $175.600o?
四O0
Answer:
Submit Answer
attempt rout of a
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8.
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Transcribed Image Text:Soniyah Reed
Compounding-Solve for Time
Oct 10, 10:30:01 PM
Watch help video
Nathan invested $80,000 in an account paying an interest rate of 6% compounded
continuously. Assuming no deposits or withdrawals are made, how long would it
take, to the nearest year, for the value of the account to reach $175.600o?
四O0
Answer:
Submit Answer
attempt rout of a
&
4.
8.
e
t
di
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