An investor bought stock for $20,000. Five years later, the stock was sold for $30,000. If interest
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An investor bought stock for $20,000. Five years later, the stock was sold for $30,000. If interest is compounded continuously, what annual nominal rate of interest did the original $20,000 investment earn?
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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