SOLUTION: What rate of interest compounded continuously is needed for an investment of $3000 to grow to $15,000 in 30 years?
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Question 865306: What rate of interest compounded continuously is needed for an investment of $3000 to grow to $15,000 in 30 years?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
30r = ln(5)
r = ln(5)/30
In %, r = 100ln(5)/30
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