You plan to invest $12,000 in a money market paying 7%, compounded continuously. 1. How much money

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You plan to invest $12,000 in a money market paying 7%, compounded continuously.

1. How much money will you have after 5 years?

2. How long will it take to double your investment amount?

Related Book For answer-question

Introduction to Corporate Finance What Companies Do

ISBN: 978-1111222284

3rd edition

Authors: John Graham, Scott Smart

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Posted Date: Nov 07, 2022 02:01 AM

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You plan to invest $12,000 in a money market paying 7%, compounded continuously. 1. How much money

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Introduction to Corporate Finance What Companies Do

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