Question: PRACTICE ANOTHER This exercise is intended to challenge your understanding of compound interest and continuous growth. How long will it take for $11,000 invested at

 PRACTICE ANOTHER This exercise is intended to challenge your understanding of

PRACTICE ANOTHER This exercise is intended to challenge your understanding of compound interest and continuous growth. How long will it take for $11,000 invested at a nominal rate of 5.16% compounded every second to have the same value as $13,000 invested at a nominal rate of 5.01% compounded every minute? (Round your answer to two decimal places.) years Submit Answer 20. [1/1 Points] DETAILS PR

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