If an investment of $5,000 is made in an account returning 2% ,then how long will it take for the account to have $10,000 if: (a) Interest is compounded monthly? (12 times a year) (b) Interest is...


If an investment of $5,000 is made in an account returning 2% ,then how long will it take for the account to have $10,000 if:


(a) Interest is compounded monthly? (12 times a year)


(b) Interest is compounded continuously?
Give your answers rounded to two decimal places.



Jun 10, 2022
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