How many years will it take $9,000 to grow to $16,800 if it is invested at 5.25% compounded continuously? years (Round to two decimal places.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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How many years will it take $9,000 to grow to $16,800 if it is invested at
5.25% compounded continuously?
years (Round to two decimal places.)
Transcribed Image Text:How many years will it take $9,000 to grow to $16,800 if it is invested at 5.25% compounded continuously? years (Round to two decimal places.)
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