to grow to $70,000? Assume a rate of interest of 10% compounded continuously. 0.

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
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How many years will it take for an initial investment of $20,000 to grow to $70,000? Assume a rate of interest of 10% compounded continuously.
It will take about years for the investment to grow to $70,000.
(Round to two decimal places as needed.)
...
Transcribed Image Text:How many years will it take for an initial investment of $20,000 to grow to $70,000? Assume a rate of interest of 10% compounded continuously. It will take about years for the investment to grow to $70,000. (Round to two decimal places as needed.) ...
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