You invest usd1500000 in an account that gives you an, Ask an Expert

Finance

You invest USD1,500,000 in an account that gives you an annual rate of return of 7% with continuous compounding.

Calculate the amount of money that you will have in the account by the end of 6 years?

You wish to keep the account open until you have 4,500,000. Calculate the time for this to happen. Note that this time may be presented in a fraction of a year; use 4 digits.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92800890

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