Greg Tobin wishes to invest a $5000 bonus check into a savings account that pays 6.3% interest.

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Greg Tobin wishes to invest a $5000 bonus check into a savings account that pays 6.3% interest. Find how many years it will take for the $5000 to grow to at least $11,000 if interest is compounded

a. Quarterly.
b. Continuously.

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Calculus With Applications

ISBN: 9780321831101

10th Edition

Authors: Margaret L Lial, Raymond N Greenwell, Nathan P Ritchey

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