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How many years would it take for a debt of $1,450 to grow into $3,689 if the annual rateis 5.8% with continuous compounding? In this
How many years would it take for a debt of $1,450 to grow into $3,689 if the annual rateis 5.8% with continuous compounding?
In this question you will need to solve for t in FV = PVert. Start by dividing both sides by PV. Then use logarithms to "bring down" the exponent.
Round your answer to the nearest tenth of a year.
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