(a) If an initial investment of $35,000 grows to $257,000 in 15 years, what annual interest rate,...

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(a) If an initial investment of $35,000 grows to $257,000 in 15 years, what annual interest rate, continuously compounded, was earned?

(b) What is the annual percentage yield on this investment?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 05:46 AM

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(a) If an initial investment of $35,000 grows to $257,000 in 15 years, what annual interest rate,...

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Mathematical Applications for the Management Life and Social Sciences

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