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The Number of Years It Takes for an Amount Which

Question 124

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The number of years it takes for an amount which is invested at an annual rate of 7% and compounded continuously to become m times as large is a function of the enlargement factor given t(m)= The number of years it takes for an amount which is invested at an annual rate of 7% and compounded continuously to become m times as large is a function of the enlargement factor given t(m)= .Use a graphics calculator to find how many times larger (to the nearest whole number increment)the investment will be in 10,20,30,and 40 years.
.Use a graphics calculator to find how many times larger (to the nearest whole number increment)the investment will be in 10,20,30,and 40 years.

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approximately 2 times as large...

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