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Author Question: If $3500 is invested in an account that pays interest compounded continuously, how long will it take ... (Read 53 times)

ishan

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on: Jun 16, 2021

Question 1

Ben Franklin bequeathed $4000.00 to the city of Boston in 1790. Assuming the fund grew to  in 200 years, find the interest rate compounded continuously that would yield this total value.
◦ 3.8%
◦ 6%
◦ 1.9%
◦ 2.9%

Question 2

If $3500 is invested in an account that pays interest compounded continuously, how long will it take to grow to $10,500 at 9%?
◦ 8.0 years
◦ 12.2 years
◦ 15.1 years
◦ 9.9 years
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Marked as best answer by ishan on Jun 16, 2021

ricroger

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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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ishan

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Reply 2 on: Jun 16, 2021
Great answer, keep it coming :)

strudel15

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Reply 3 on: Yesterday
:D TYSM

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