asked 192k views
25 votes
A person invests $6,650 in an account that earns 5.23% annual interest compounded continuously. Find

when the value of the investment reaches $15,000. If necessary round to the nearest tenth.

The investment will be reach $15,000 in approximately ______ years.

1 Answer

5 votes
44 years which would be 15302.98
answered
User QuantIbex
by
8.0k points
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