Question
Jason invests $4000 in PGS Bank and the amount he has in his account grows at a continuous annual rate of 1.5%. On the same
Jason invests $4000 in PGS Bank and the amount he has in his account grows at a continuous annual rate of 1.5%. On the same day, Maria invests $6000 in Cash Bank and the amount of money in her account grows at an annual rate of 1.4%. In how many years will the two bank accounts have the same amount of money?
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Get StartedRecommended Textbook for
Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
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