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Suppose that $28,000 is deposited in an account and the balance increases to $31,569.91 after 2 years. How long will it take for the account to grow to $61,448.81? Assume continuous compounding.

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Respuesta :

Step-by-step explanation:

31569.91 - 28000=3569.91

Divide that number by two and you will get how much is the increase exactly and it's 1784.955

Then just add that 31.569.91 till you get 61.448.81

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