Suppose that $50,000 from a retirement account is invested in a large cap stock fund. After 25 yr, the value is $155,732.09. Part: 0 / 2 Part 1 of 2 (a) Use the model A = Pe to determine the average rate of return under continuous compounding. Round to the nearest tenth of a percent. Avoid rounding in intermediate steps. The average rate is approximately %. S
Suppose that $50,000 from a retirement account is invested in a large cap stock fund. After 25 yr, the value is $155,732.09. Part: 0 / 2 Part 1 of 2 (a) Use the model A = Pe to determine the average rate of return under continuous compounding. Round to the nearest tenth of a percent. Avoid rounding in intermediate steps. The average rate is approximately %. S
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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Question
![Suppose that $50,000 from a retirement account is invested in a large cap stock fund. After 25 yr, the value is $155,732.09.
Part: 0 / 2
Part 1 of 2
(a) Use the model A = Pet to determine the average rate of return under continuous compounding. Round to the nearest tenth of a percent. Avoid
rounding in intermediate steps.
The average rate is approximately
%.
X
S](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4c294ddc-a771-4ed4-a51c-893eb00faa40%2Fe566bea1-f024-4e0d-8666-070534495af5%2Ff2la3i9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose that $50,000 from a retirement account is invested in a large cap stock fund. After 25 yr, the value is $155,732.09.
Part: 0 / 2
Part 1 of 2
(a) Use the model A = Pet to determine the average rate of return under continuous compounding. Round to the nearest tenth of a percent. Avoid
rounding in intermediate steps.
The average rate is approximately
%.
X
S
![(b) How long will it take the investment to reach one-quarter million dollars? Round to the nearest tenth of a year. Round values in intermediate steps
to three decimal places.
It will take approximately
years.
X
Ś](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4c294ddc-a771-4ed4-a51c-893eb00faa40%2Fe566bea1-f024-4e0d-8666-070534495af5%2Ffqware_processed.jpeg&w=3840&q=75)
Transcribed Image Text:(b) How long will it take the investment to reach one-quarter million dollars? Round to the nearest tenth of a year. Round values in intermediate steps
to three decimal places.
It will take approximately
years.
X
Ś
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