Mathematics, 27.07.2020 05:01, schwann
Mai invests $20,000 at age 20. She hopes the investment will be worth $500,000 when she turns 40. If the interest compounds continuously, approximately what rate of growth will she need to achieve her goal? Round to the nearest tenth of a percent.
Answers: 2
Mathematics, 21.06.2019 18:10, mayamcmillan11
An initial investment of $100 is now valued at $150. the annual interest rate is 5%, compounded continuously. the equation 100e0.05t = 150 represents the situation, where t is the number of years the money has been invested. about how long has the money been invested? use your calculator and round to the nearest whole number. years
Answers: 3
Mai invests $20,000 at age 20. She hopes the investment will be worth $500,000 when she turns 40. If...
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