Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

$/20 s double at its over pounded continuous 127. Finding the Date Solve the equation A - Pe for p. then find the mate at

image text in transcribed
image text in transcribed
$/20 s double at its over pounded continuous 127. Finding the Date Solve the equation A - Pe" for p. then find the mate at which a deposit of $1000 would double in 3 years compounded continuously 128. Finding the Rate At what interest rate would a deposit of $30,000 grow to $2, $40.689 in 40 years with continuous compounding? 120, Rule of 70 a. Find the time that it takes for an investment to double at 10% compounded continuously. b. The time that it takes for an investment to double at % is approximately 70 divided by r (the rule of 70). So at 10% an investment will double in about 7 years. Explain why this rule works

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus For Business, Economics And The Social And Life Sciences

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

11th Brief Edition

978-0073532387, 007353238X

Students also viewed these Mathematics questions

Question

What are the challenges associated with tunneling in urban areas?

Answered: 1 week ago

Question

What are the main differences between rigid and flexible pavements?

Answered: 1 week ago

Question

What is the purpose of a retaining wall, and how is it designed?

Answered: 1 week ago

Question

How do you determine the load-bearing capacity of a soil?

Answered: 1 week ago

Question

what is Edward Lemieux effect / Anomeric effect ?

Answered: 1 week ago