A bank compounds interest continuously. What annual interest rate does it offer if $1,000 grows to $2,054.44
Question:
A bank compounds interest continuously. What annual interest rate does it offer if $1,000 grows to $2,054.44 in 12 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
Question Posted: