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3. Suppose $30,525 is invested into a mutual fund where the interest is compounded continuously at 4.27%. If the investment starts in 2023, how
3. Suppose $30,525 is invested into a mutual fund where the interest is compounded continuously at 4.27%. If the investment starts in 2023, how long will it take for the fund to be worth $40,000? 4. Jon decides to set up an investment account with $5,000 to save $15,000. If annual interest rate of 2.725% compounded quarterly, how long will it take Jon to reach his goal?
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Problem 3 Given P 30525 r42700427 in decimal We want to find t when A 40000 ...
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Engineering Economy
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
15th edition
132554909, 978-0132554909
