Question: Question 5 (1 point) _ . . Instructions: For this question, you only need to submit the answer below. The solution will not be corrected.

Question 5 (1 point) _ . . Instructions: For this question, you only need to submit the answer below. The solution will not be corrected. Y. ... Question: The BOB (Bank Of Bob) offers you a savings account with an interest rate of 9.15% that is continuously compounded. If you deposit 225,000%, in how many years will your investment reach 1,300,000$? Note: Your answer must be written in decimal with EXACT 2 decimal places of precision. Your Answer: e

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!