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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
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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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
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
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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