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Question Fred invested $25,328 in a stock account with continuous compounding. If the annual interest rate is 8.1%, how long will it take for the account to have $46,134? (Round your answer to the nearest tenth of a year.) Provide your answer below: years

Question Fred invested $25,328 in a stock account with continuous compounding. If the annual interest rate is 8.1%, how long will it take for the account to have $46,134? (Round your answer to the nearest tenth of a year.) Provide your answer below: years

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Question Fred invested $25,328 in a stock account with continuous compounding. If the annual interest rate is 8.1%, how long will it take for the account to have $46,134? (Round your answer to the nearest tenth of a year.) Provide your answer below: years
Transcribed Image Text:Question Fred invested $25,328 in a stock account with continuous compounding. If the annual interest rate is 8.1%, how long will it take for the account to have $46,134? (Round your answer to the nearest tenth of a year.) Provide your answer below: years
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