Investment A is currently worth $70,200 and is growing at the rate of 13% per year compounded
Question:
Investment A is currently worth $70,200 and is growing at the rate of 13% per year compounded continuously. Investment B is currently worth $60,000 and is growing at the rate of 14% per year compounded continuously. After how many years will the two investments have the same value?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
At 70 200e013 Bt 60000e0 Set ...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
Question Posted:
Students also viewed these Mathematics questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The general manager of the nationalized postal service of a small country, Zedland, wishes to introduce a new service. This service would offer same-day delivery of letters and parcels posted before...
-
1. As the beneficiary of a life insurance policy, you have two options for receiving the insurance proceeds. You can receive a lump sum of $200,000 today or receive payments of $4,000 every quarter...
-
Discuss documents that need to be included in recovery documentation?
-
Omar Fitness Inc.s statement of changes in equity shows the following information: Requirements 1. Calculate the missing amounts. 2. If Omar Fitness Inc.s revenue was $26,000, what were the expenses...
-
Acme Parts runs a small factory and employs workers who are paid one of three hourly rates depending on their shift: first shift, $17 per hour; second shift, $18.50 per hour; third shift, $22 per...
-
A 15-mph wind flows over a Quonset hut having a radius of \(12 \mathrm{ft}\) and a length of \(60 \mathrm{ft}\), as shown in Fig. P6.57. The upstream pressure and temperature are equal to those...
-
In July 2010, the SEC issued a complaint against senior management at Dell Inc. including the company's chairman, CEO, and CFO. The complaint includes allegations that Dell engaged in fraud during...
-
Swifty Painting Company has the following production data for March. End. Work in Process Inv. % Complete as to Conversion Cost Month Beg. Work in Process Inv. Units Completed and Transferred Out...
-
Let P(t) be the population (in millions) of a certain city t years after 2015, and suppose that P(t) satisfies the differential equation P(t) = .03P(t), P(0) = 4. (a) Use the differential equation to...
-
A country that is the major supplier of a certain commodity wishes to improve its balance-of-trade position by lowering the price of the commodity. The demand function is q = 1000/p 2 . (a) Compute...
-
In a boiler observations made were as: Rate of feed water per hour \(=800 \mathrm{~kg}\) Temperature of feed water \(=30^{\circ} \mathrm{C}\) Steam pressure \(=12 \mathrm{bar}\) Quality of steam...
-
The SAT scores of entering first-year college students are shown in Figure18.21. In Problems 13-18, find the average yearly rate of change of the scores for the requested periods. Figure 18. 21 2006...
-
Use the definition of derivative to find the derivatives in Problems 8-12. \(f(x)=9\)
-
In Problems 21-38, guess the requested limits. \(\lim _{n ightarrow \infty} \frac{4-n}{n+1}\)
-
Copy the figures in Problems 13-20 on your paper. Draw what you think is an appropriate tangent line for each curve at the point \(P\) by using the secant method. d
-
The graph in Figure 18.20 shows company output as a function of the number of workers. In Problems 9-12, find the average rate of change of output for the given change in the number of workers....
-
What is the solubility of silver oxide, Ag2O, in a solution buffered at pH 10.50? The equilibrium is Ag2O(s) + H2O(l) 2Ag+(aq) + 2OH(aq); Kc = 2.0 10-8.
-
1) Predict the organicproduct formed when BzCl reacts with cyclohexanol. BzCl = benzoylchloride. 2) Provide the majororganic product of the reaction below. 3) Draw the structureof the product formed...
-
Is airline travel becoming safer? To help answer this question, a statistics professor recorded the number of fatal accidents involving airliners carrying at least 19 passengers that occurred in the...
-
The monthly values of one British pound measured in American dollars since 1971 were recorded. Produce a graph that shows how the exchange rate has varied over the past 45 years.
-
When the Dow-Jones Industrial Index increases it usually means that the economy is growing, which in turn usually means that the unemployment rate is low. A statistics professor pointed out that in...
-
How can international agreements and treaties be designed to effectively address cross-border environmental issues, such as air and water pollution, given the varying levels of commitment and...
-
Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $738.7 million and net sales of $24,275.5 million in 2022. Its total assets were...
-
What is the impact of global health disparities on the effectiveness of international efforts to combat pandemics, and what steps can be taken to promote equitable access to healthcare resources and...
Study smarter with the SolutionInn App