Question:
Suppose $12000 is invested at 6% interest compounded
Last updated: 7/20/2022
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Suppose $12000 is invested at 6% interest compounded continuously. How long will it take for the investment to grow to $24000? Use the model A(t) = Pert and round your answer to the nearest hundredth of a year. It will take years for the investment to reach $24000.