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Time Required to Reach a Goal If Angela has to invest at per annum compounded monthly, how long will it be before she has ? If the compounding is continuous, how long will it be?
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To find: Time Required to Reach a Goal If Angela has to invest at per annum compounded monthly, how long will it be before she has If the compounding is continuous, how long will it be?
Answer to Problem 40AYU
Solution:
a. years.
b. years.
Explanation of Solution
Given:
and
Calculation:
a. and
Taking on both sides
years
b.
Taking on both sides
years.
Chapter 5 Solutions
Precalculus
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