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Solve the Exponential Equation 100,000=50,000e25r100,000 = 50,000 e ^ { 25 r }

Question 70

Multiple Choice

Solve the exponential equation 100,000=50,000e25r100,000 = 50,000 e ^ { 25 r } for r to determine the interest rate required for an investment of $50,000 to double in value when compounded continuously for 25 years. Round your answer to one decimal place.


A) 2.5%
B) 3.9%
C) 6.4%
D) 2.8%
E) none of these

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