# Use the continuous compound interest formula to find the indicated value. A=90,000; P=65,452; r=9.1%; t=? t=years (Do not round until the final answer. Then round to two decimal places as needed.)

QUESTION POSTED AT 01/06/2020 - 04:36 PM

QUESTION POSTED AT 01/06/2020 - 04:36 PM

Using continuous compounding, we have:

90000=65452 x e^.091t

1.3750534743017784024934303000672=e^.091t

ln 1.3750534743017784024934303000672=ln e^.091t=.091t ln e=0.091t

t=3.5 years

90000=65452 x e^.091t

1.3750534743017784024934303000672=e^.091t

ln 1.3750534743017784024934303000672=ln e^.091t=.091t ln e=0.091t

t=3.5 years

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QUESTION POSTED AT 01/06/2020 - 04:47 PM

QUESTION POSTED AT 01/06/2020 - 04:46 PM