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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 · 1 answers · asked by pmgstudios 1 in Business & Finance Personal Finance

1 answers

A/P=2
the question is how many times you have to multiply 1.0564 to get 2
i am not able to solve it finnaly ,hope it is useful to you

2006-11-06 22:14:42 · answer #1 · answered by Srbo Sutaric 5 · 0 0

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