kaitlynrkirkpatrick kaitlynrkirkpatrick

11-11-2020
Mathematics

contestada

Help please I will give Brainliest!!!!
Josiah invested $96,000 in an account paying an interest rate of 3.5% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $153,400?

Respuesta :

saadia22 saadia22

11-11-2020

14 years because 96,000*1.035^14 =155394.6742

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tykeriaabusiness tykeriaabusiness

15-05-2022

Answer:

It would take Josiah 13 years

Answer Link

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