This topic contains a solution. Click here to go to the answer

Author Question: At what interest rate would a deposit of $30,000 grow to $70,895 in 20 years with continuous compounding? (Read 86 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527

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%


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Engineer on Jun 16, 2021

jaygar71

  • Sr. Member
  • ****
  • Posts: 323
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.
Answer Preview
Only 25% of students answer this correctly




Engineer

  • Member
  • Posts: 527
Reply 2 on: Jun 16, 2021
Gracias!


amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

For a complete list of videos, visit our video library