SOLUTION: The Lopez family has $12000 to invest. What should the annual interest rate be, compounded continuously, in order for the investment to grow to $24000 in 7 years? The annual int

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Question 1183985: The Lopez family has $12000 to invest. What should the annual interest rate be, compounded continuously, in order for the investment to grow to $24000 in 7 years?
The annual interest rate should be _________.(keep 2 decimal places)

Answer by josgarithmetic(39630) About Me  (Show Source):