Time Required to Reach a Goal How many years will ittake for an initial investment of $25,000 to grow to $80,000?Assume a rate of interest of 7% compounded continuously.
Time Required to Reach a Goal How many years will ittake for an initial investment of $25,000 to grow to $80,000?Assume a rate of interest of 7% compounded continuously.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 22T
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Time Required to Reach a Goal How many years will it
take for an initial investment of $25,000 to grow to $80,000?
Assume a rate of interest of 7% compounded continuously.
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