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An initial deposit of $200 is now worth $331.07. The account earns 8.4% interest compounded continuously. Determine how long the money has been in the
An initial deposit of $200 is now worth $331.07. The account earns 8.4% interest compounded continuously. Determine how long the money has been in the account.
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We may use the continuous compounding formula to find out how long the money has been in the accoun...
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
