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Use the model A=Pert or A=P(1+nr)nt, where A is the future value of P dollars invested at interest rate r compounded co
Posted: Thu Jul 14, 2022 3:47 pm
by answerhappygod
- Use The Model A Pert Or A P 1 Nr Nt Where A Is The Future Value Of P Dollars Invested At Interest Rate R Compounded Co 1 (22.13 KiB) Viewed 33 times
Use the model A=Pert or A=P(1+nr)nt, where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. If $11,000 is invested in an account earning 6.5% interest compounded continuously, determine how long it will take the money to triple. Round up to the nearest year. It will take approximately years.