4. John invested 500 three years ago at a 5% annual interest rate compounded continuously. (a)...
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4. John invested £500 three years ago at a 5% annual interest rate compounded continuously. (a) How much money does John have due to this investment now? (b) After how many years will John's investment grow to £600? [5 marks] [5 marks] 4. John invested £500 three years ago at a 5% annual interest rate compounded continuously. (a) How much money does John have due to this investment now? (b) After how many years will John's investment grow to £600? [5 marks] [5 marks]
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Financial Accounting
ISBN: 978-1259222139
9th edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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