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OpenStudy (anonymous):
How long will it take a $500 investment to be worth $900 if it is continuously compounded at 12% per year? - I keep getting 7.05 years, but that's not the right answer!
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OpenStudy (anonymous):
simple
OpenStudy (anonymous):
if it's compounded annually A=P(1+r)^t 900=500(1.12)^t t=5.187
OpenStudy (anonymous):
|dw:1329720737188:dw|
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