An initial deposit of $200 is now worth $331.07. The account earns 8.4% interest compounded continuously. Determine

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An initial deposit of $200 is now worth $331.07. The account earns 8.4% interest compounded continuously. Determine how long the money has been in the account.

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Fundamentals Of Financial Management

ISBN: 9780273713630

13th Revised Edition

Authors: James Van Horne, John Wachowicz

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Posted Date: Apr 22, 2024 01:01 PM

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An initial deposit of $200 is now worth $331.07. The account earns 8.4% interest compounded continuously. Determine

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We may use the continuous compounding formula to find out how long the money has been in the accoun... View the full answer

Fundamentals Of Financial Management

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