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Question: If she has $100 to invest at 5 % per annum compounded monthl y , how long will it be before she has $150?
Question:
If she has $100 to invest at 5% per annum compounded monthly, how long will it be before she has $150? If the compounding iscontinuous, how long will it be?
My problem:
I keep trying to figure this out but I can not get the correct years, I'm always a few off either way.
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