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1. Find the time taken to quintuple your money if the APR is 6% and the interest is compounded continuously. show step by step 2.

1. Find the time taken to quintuple your money if the APR is 6% and the interest is compounded continuously.

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2. Balasubramanium is considering an annuity which costs 90,000 today. The annuity pays $9,255 a year at an annual interest rate of 7.75 percent. What is the length of the annuity time period?

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