Question: Plz Help me out with this question 1) At a 4% rate of interest (compounded continuously) , you will triple your money approximately________years (please retain
Plz Help me out with this question
1) At a 4% rate of interest (compounded continuously) , you will triple your money approximately________years (please retain at least 6 decimal places in your calculation and 2 decimal places in the final answer)
2) Investment A makes annual payment of 715.9 $ for each of the next ten years, while investment B makes annual payments of 373.9 $ per year forever. At what interest rate would you be indifferent between the two investments? Assume payments for both the investments begin today
The interest rate is ________ %
Note: plz retain at least 4 decimal places in your calculation and 2 decimal places in the final answer.
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