If a bank pays 1.25% per year interest compounded continuously, how long does it take for the

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If a bank pays 1.25% per year interest compounded continuously, how long does it take for the balance in an account to double?

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Apr 08, 2023 06:38 AM

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If a bank pays 1.25% per year interest compounded continuously, how long does it take for the

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The formula which models compounding interest continuously for t yea...View the full answer

Applied Calculus

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