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OpenStudy (anonymous):
Akeem invests $25,000 in an account that pays 4.75% annual interest compounded continuously. Using the formula A=Pe^rt, where A=the amount in the account after t years, P=principal invested, and r=the annual interest rate, how many years, to the nearest tenth will it take Akeem’s investment to triple? SHOW WORK! a) 10.0 b) 14.6 c) 23.1 d) 24.0
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