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marishachu [46]
4 years ago
5

If the interest earned by a CD is compounded continuously, which rule is most accurate when calculating how long it will take th

e money invested in the CD to double? A. Rule of 69 B. Rule of 72 C. Rule of 12 D. None of the above
Mathematics
2 answers:
vitfil [10]4 years ago
8 0

Answer:

69

Step-by-step explanation:

malfutka [58]4 years ago
7 0
For an investment compounded continuously, the rule of 69 gives a better approximation than the rule of 72 (for normal compound interests).
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Step-by-step explanation:

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3 years ago
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vesna_86 [32]

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the answer for your question is A :>

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mr_godi [17]
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3 0
3 years ago
$2,500 principal earning 4%, compounded quarterly, after 4 years $40,000.00 $41,600.00 $2,931.45 $2,924.65
AURORKA [14]

Answer:

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Step-by-step explanation:

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A= p(1+r/n)^(nt)

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r= 4/100= 0.04

t= 4

n = 4*4= 16

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A= 2500(1.17328)

A= 2933.2

Amount= $2933.2

5 0
3 years ago
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