A family paid $99,000 cash for a house. Fifteen years later, the house was sold for $195,000.

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A family paid $99,000 cash for a house. Fifteen years later, the house was sold for $195,000. If interest is compounded continuously, what annual nominal rate of interest did the original $99,000 investment earn?

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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Question Posted: Apr 14, 2016 08:14 AM

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A family paid $99,000 cash for a house. Fifteen years later, the house was sold for $195,000.

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College Mathematics for Business Economics Life Sciences and Social Sciences

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