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1. A principal of $60 000 is invested at an annual interest rate of 6%. In case the interest is compounded continous, how long time

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1. A principal of $60 000 is invested at an annual interest rate of 6%. In case the interest is compounded continous, how long time do you need in order to double the principal? 2. If you want to double the principal in ten years (still compounded continguswhat annual interest rate do you need

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