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Elana invests $2000 in a savings account with a nominal annual interest rate of 5% compounded continuously. How many years will it take for the investment to reach $3000? Round to the nearest tenth. If anyone can solve this asap you will have goodluck <3

1 Answer

5 votes

It will take 5 years for the investment to reach $3,000.

Sure hope this helps you

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User Bishan
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