121. James receives $6,000 when he turns 12 and wants his fund to become $12,000 by the...

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121. James receives $6,000 when he turns 12 and wants his fund to become $12,000 by the time he turns 18 in order to pay for college.What is the required continuously compounded annual interest rate? (4.16)

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Engineering Economy

ISBN: 9781292265001

17th Global Edition

Authors: William G. Sullivan ,Elin M. Wicks ,C. Patrick Koelling

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Question Posted: Oct 25, 2024 10:11 AM

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121. James receives $6,000 when he turns 12 and wants his fund to become $12,000 by the time he turns 18 in order to pay for college.What is the required continuously compounded annual interest rate?...
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121. James receives $6,000 when he turns 12 and wants his fund to become $12,000 by the...

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Engineering Economy

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