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I need this question to be solved in 30 mintues! Please show work! 1. Suppose $2600 is invested at 5.5% interest compounded continuously. How many
I need this question to be solved in 30 mintues! Please show work!
1.
Suppose $2600 is invested at 5.5% interest compounded continuously. How many years does it take for the value of the investment to reach $3600? Round your answer to the nearest HUNDREDTH of a year (two digits to the right of the decimal point). years Suppose $5000 is invested at a nominal rate of 7% annual interest compounded monthly. What is the value of the investment after 9 years? Round your answer to the nearest dollar. 0 A. $7,812 0 B. $10,623 0 C. $8,452 0 D. $9,371 0 E. $11,452Step by Step Solution
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