The formula can be used to find the number of years t required for an investment P

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The formula

can be used to find the number of years t required for an investment P to grow to a value A when compounded continuously at an annual rate r.

(a) How long will it take to increase an initial investment of $1000 to $8000 at an annual rate of 10%?

(b) What annual rate is required to increase the value of a $2000 IRA to $30,000 in 35 years?

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Precalculus

ISBN: 978-0321716835

9th edition

Authors: Michael Sullivan

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Question Posted: Jan 15, 2019 01:02 PM

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The formula can be used to find the number of years t required for an investment P

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In A – In P

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a b c I...View the full answer

Precalculus

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