$41 deposited in an account is compounded continuously for 9 years. What is the continuous interest...
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$41 deposited in an account is compounded continuously for 9 years. What is the continuous interest rate if the balance at the end of the period is $1,012? (Round your answer to 1 decimal place.) Number % $41 deposited in an account is compounded continuously for 9 years. What is the continuous interest rate if the balance at the end of the period is $1,012? (Round your answer to 1 decimal place.) Number %
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We can use the formula for continuous compounding A Pert where A is the final ... View the full answer
Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
Posted Date:
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