I just can't figure these out!!!! PLEASE HELP!!!!?
A = Pert,
where P is the initial investment and r is the interest rate.
1.Maya has deposited $600 in an account that pays 5.64% interest, compounded continuously. How long will it take for her money to double?
2.Suppose that $2000 is invested at a rate of 6% per year compounded continuously. What is the balance after 1 yr? After 2 yrs?
2006-11-06
21:45:11
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1 answers
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asked by
pmgstudios
1
in
Business & Finance
➔ Personal Finance