Determine how many years will it take to triple
Determine how many years will it take to triple your investment of 383 $'s, if you can obtain 5.86%/year interest the compounded continuously?
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United States Bank says it pays 8.6% compounded daily. The Key Bank says it pays the same % compounded continuously. If you deposit 67,390 in the Key Bank for one year discuss how much additional interest will you receive?
Calculate the nominal interest rate per year if continuous compounding is being used. The effective annual interest rate is given to be 17.7%.
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