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Author Question: At what interest rate would a deposit of $30,000 grow to $70,895 in 20 years with continuous compounding? (Read 84 times)

Engineer

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on: Jun 16, 2021

Question 1

Assume the cost of a gallon of milk is $3.00. With continuous compounding, find the time it would take the cost to be 2 times as much (to the nearest tenth of a year), at an annual inflation rate of 6%.
◦ 0.2 years
◦ 4.2 years
◦ 11.6 years
◦ 0.1 years

Question 2

At what interest rate would a deposit of $30,000 grow to $70,895 in 20 years with continuous compounding?
◦ 5.3%
◦ 4.3%
◦ 2.3%
◦ 7.3%
Calculus and Its Applications ¦ Bittinger, Ellenbogen, Surgent ¦ 11th Edition
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Marked as best answer by Engineer on Jun 16, 2021

jaygar71

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Reply #1 on: Jun 16, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Engineer

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Reply 2 on: Jun 16, 2021
YES! Correct, THANKS for helping me on my review

abro1885

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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