Mathematics, 14.12.2020 19:20, 173899
Carl is saving up money for a down payment on a motorcycle. He currently has $2516, but knows he can get a loan at a lower interest rate if he can put down $3276. If he invests the $2516 in an account that earns 4.5% annually, compounded continuously, how long will it take Carl to accumulate the $3276? Round your answer to two decimal places, if necessary.
Answers: 3
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Carl is saving up money for a down payment on a motorcycle. He currently has $2516, but knows he can...
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