If Emery has $1,900 to invest at 5% per year compounded​ monthly, how long will it be before he has $2,500​? If the compounding is​ continuous, how long will it​ be? (Round your answers to three decimal​ places

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
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If Emery has
$1,900
to invest at
5%
per year compounded​ monthly, how long will it be before he has
$2,500​?
If the compounding is​ continuous, how long will it​ be? (Round your answers to three decimal​ places.)
 
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