Question
Assume the cost of a gallon of milk is $2.50. With continuouscompunding, find the time it would take the cost to be 2 times asmuch
Assume the cost of a gallon of milk is $2.50. With continuouscompunding, find the time it would take the cost to be 2 times asmuch (to the nearest tenth of a year), at an annual inflation rateof 6%. The answer should be 11.6 years.
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A First Course In Probability
Authors: Sheldon Ross
10th Edition
0134753119, 978-0134753119
