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2 years ago

5

Sal invests $16,000 at age 35. He hopes the investment will be worth $320,000 when he turns 40. If the interest compounds contin

uously, approximately what rate of growth will he need to achieve his goal? Round to the nearest tenth of a percent.

1 answer:

Kaylis [27]2 years ago

3 0

59.9%

Sorry I don’t have time to explain in the middle of an exam

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