SOLUTION: The amount A in an account after t years from an initial principle P invested at an annual rate r compounded continuously is given by A=Pe^rt where r is expressed as a decimal. How
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Question 46770This question is from textbook
: The amount A in an account after t years from an initial principle P invested at an annual rate r compounded continuously is given by A=Pe^rt where r is expressed as a decimal. How many years will it take an initial investment of $1,000 to grow to $1,700 at the rate of 4.42% compounded continuously?
a.) 10 years
b.) 11 years
c.) 12 years
d.) 13 years
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