Josiah invested $96,000 in an account paying an interest rate of 3.5% compounded continuously. Assuming no deposits or

Question

Josiah invested $96,000 in an account paying an interest rate of 3.5% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $153,400?

Kunduz · Accepted Answer

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