Question: A company invests $ 2 0 , 0 0 0 i n a C D that earns 5 % compounded continuously. How long will i
A company invests $ that earns compounded continuously. How long will take for the account worth
$
The account will worth approximately $ about years.
not round until the final answer. Then round the nearest tenth needed.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
