Solved

How Long Will It Take for $8400 to Grow to $14.600

Question 35

Multiple Choice

How long will it take for $8400 to grow to $14.600 at an interest rate of 9.4% if the interest is compounded continuously? Round the number of years to the nearest hundredth.


A) 5.88 yr
B) 58.81 yr
C) 0.59 yr
D) 0.06 yr

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q27: Solve. <br>-A mathematical model for the average

Q28: Find f ' (x).<br>- f(x) = 4

Q29: Find the equation of the line tangent

Q30: Provide an appropriate response.<br>-Find x to two

Q31: Solve the problem.<br>-If $5000 is invested at

Q32: Find f ' (x).<br>-<img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6722/.jpg" alt="Find f

Q33: Solve.<br><br>-The salvage value S (in dollars) of

Q34: Provide an appropriate response.<br>-Find <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6722/.jpg" alt="Provide

Q36: Find f ' (x).<br>-<img src="https://d2lvgg3v3hfg70.cloudfront.net/TB34225555/.jpg" alt="Find f

Q37: Find f ' (x).<br>-<img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6722/.jpg" alt="Find f