Question:

A man with $20,000 to invest decides to diversify his

Last updated: 7/14/2022

A man with $20,000 to invest decides to diversify his

A man with $20,000 to invest decides to diversify his investments by placing $10,000 in an account that earns 8.2% compounded continuously and $10,000 in an account that earns 9.4% compounded annually. Use graphical approximation methods to determine how long it will take for his total investment in the two accounts to grow to $35,000. It will take approximately______ years for his total investment in the two accounts to grow to $35,000. (Type an integer or decimal rounded to one decimal place as needed.)