The AMD investment company has advertised a new Mutual Fund that has advertised to pay 10 % compounded continuously. Bob invested S 8,500 in the Mutual Fund, but was disappointed to receive only $...

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The AMD investment company has advertised a new Mutual Fund<br>that has advertised to pay 10 % compounded continuously. Bob<br>invested S 8,500 in the Mutual Fund, but was disappointed to receive<br>only $ 12,500 at the end of five (5) years.<br>(a)<br>What was the actual rate at which the fund was continuously<br>compounding?<br>

Extracted text: The AMD investment company has advertised a new Mutual Fund that has advertised to pay 10 % compounded continuously. Bob invested S 8,500 in the Mutual Fund, but was disappointed to receive only $ 12,500 at the end of five (5) years. (a) What was the actual rate at which the fund was continuously compounding?

Jun 04, 2022

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The AMD investment company has advertised a new Mutual Fund that has advertised to pay 10 % compounded continuously. Bob invested S 8,500 in the Mutual Fund, but was disappointed to receive only $...

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