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On 2003-12-20 Tamara invests $31,647.00 in an account paying 8.285% continuously compounded. Using the ACT / 365 daycount convention, what is the earliest day on which her balance exceeds $32,285.44? 2001 03 14

On 2003-12-20 Tamara invests $31,647.00 in an account paying 8.285% continuously compounded. Using the ACT / 365 daycount convention, what is the earliest day on which her balance exceeds $32,285.44? 2001 03 14

Advanced Engineering Mathematics
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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4) the math of interest. please indicate if you are unsure or totally sure about the answer

On 2003-12-20 Tamara invests $31,647.00 in an account paying 8.285% continuously compounded. Using the ACT / 365 daycount convention, what is the earliest day on which her balance exceeds $32,285.44? a. 2004-03-14 O b. 2004-03-13 C. 2004-03-17 d. 2004-03-16 e. 2004-03-18 Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 (Quite sure: >80%)
Transcribed Image Text:On 2003-12-20 Tamara invests $31,647.00 in an account paying 8.285% continuously compounded. Using the ACT / 365 daycount convention, what is the earliest day on which her balance exceeds $32,285.44? a. 2004-03-14 O b. 2004-03-13 C. 2004-03-17 d. 2004-03-16 e. 2004-03-18 Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 (Quite sure: >80%)
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