If $15,000 is deposited in an account paying 1.5% interest per year, compounded continuously, how long will

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If $15,000 is deposited in an account paying 1.5% interest per year, compounded continuously, how long will it take for the balance to reach $20,000?

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Apr 08, 2023 06:38 AM

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If $15,000 is deposited in an account paying 1.5% interest per year, compounded continuously, how long will

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We know that the formula for the balance in an account after t ye...View the full answer

Applied Calculus

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