Mathematics, 04.12.2020 05:00, iicekingmann

Davis decides to think about retirement and invests at the age of 30. He invests $5,000 and hopes the investment will be worth $250,000 by the time he turns 70. If the interest compounds continuously, approximately what rate of growth will he need to achieve his goal? Round to the nearest tenth of a percent.

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Davis decides to think about retirement and invests at the age of 30. He invests $5,000 and hopes th...