Ariana is going to invest $62,000 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in order for Ariana to end up with $233,000?

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04-12-2022
Mathematics

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Ariana is going to invest $62,000 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in order for Ariana to end up with $233,000?

Sagot :

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Ariana is going to invest $62,000 and leave it in an account for 20 years. Assuming the interest is compounded continuously, what interest rate, to the nearest tenth of a percent, would be required in order for Ariana to end up with $233,000?

Sagot :

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