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Solve the Problem. -Use Your Graphing Calculator to Find How Long It Will

Question 241

Multiple Choice

Solve the problem.
-Use your graphing calculator to find how long it will take for $8000 invested at 4.8% per year compounded daily to triple in value. Find the answer to the nearest year. Use 365 days for a year.


A) 0 yr
B) 23 yr
C) 3,049,422 yr
D) 30,692 yr

Correct Answer:

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