a solution of 5.20 M a solution of 5.20 M a solution of 5.20 M Safari File Edit
ID: 2911748 • Letter: A
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a solution of 5.20 M a solution of 5.20 M a solution of 5.20 M Safari File Edit View History Bookmarks Window Help webassign.net McGraw-Hill Connect Sectio.. yr 1939.28 Chapter 4- Acid Welcome, llse- Blackboard L. myUTEP I My Dashboard $750 Need Help? dWareh N Read It Watch It Viewing Saved Work Revert to Last Re 5. O 0/2 points | Previous Answers LarPCalc10 3.5.010 Find the missing values assuming continuously compounded interest. (Round your answers to t Initial Investment Annual % Rate Time to Double Amount After 10 Years $100 x yr $1905 Need Help?Read it Submit Answer Save Progress Practice Another Version 6.)-12 points LarpCalc10 3.5011 missing values assuming continuously compounded interest. (Round your answers to twe Initial Investment Annual | % Rate Time to Double Amount After 10 Years 5.9% yr$12,000 Need Help? Read I 4Explanation / Answer
5)
A=Pert is formula for amount accumulated by continous compounding
P=100, T =10, A=1905
=>100er*10=1905
=>e10r=19.05
=>10r=ln(19.05)
=>r=(1/10)ln(19.05)
=>r=0.29470671015727099710074624684963
=>r =29.47 %
A=Pe0.2947t
time to double:
A=2P
=>Pe0.2947t =2P
=>e0.2947t =2
=>0.2947t=(ln2)
=>t=(ln2)/0.2947
=>t=2.35 years
Annual % rate is 29.47 %
Time to double is 2.35 yr
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6)
A=Pert is formula for amount accumulated by continous compounding
r=5.9%=0.059, T =10, A=12000
=>Pe0.059*10=12000
=>P=12000/e0.59
=>P=6651.93
time to double:
A=2P
=>Pe0.059t =2P
=>e0.059t =2
=>0.059t=ln(2)
=>t=(1/0.059)ln(2)
=>t=11.75 years
Initial investment is $ 6651.93
Time to double is 11.75 yr
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