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Suppose you invest $8000 at an interest rate of 7%, compounded continuously. Calculate the time it will take, in years, for the value of the

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Suppose you invest $8000 at an interest rate of 7%, compounded continuously. Calculate the time it will take, in years, for the value of the investment to grow to $12,000. In 3 7 In 2 O t = 0.07 In(3/2) In 12 t 0.07 In 8 O In 2 t = e 7 In 3 O In(3/2) t = 0.07

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