Question: What annual rate with continuous compounding would be required for a debt of $1,430 to grow into $3,094 in 17.2 years? In this question you

What annual rate with continuous compounding would be required for a debt of $1,430 to grow into $3,094 in 17.2 years?

In this question you will need to solve for r in FV = PVert. Start by dividing both sides by PV. Then use logarithms to "bring down" the exponent.

Round your answer to the nearest tenth of a percent.

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