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Engineers and scientists have made major strides in recent years in improving energy storage devices. For example, many companies are investing in new technology, producing
Engineers and scientists have made major strides in recent years in improving energy storage devices. For example, many companies are investing in new technology, producing and selling batteries for myriad uses. One such company is selling a mixture of batteries with different sizes, shapes, capacities, technologies, and terminations, through thousands of independent distributors. Incomes of $ per year flow to the company. Their hurdle rate on investments is compounded continuously. What is the effective annual rate of interest if compunding is continuous
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