(Solution Library) Find the time required for a $1,000 investment to triple when the interest rate, r, equals 0.085, compounding continuously. Show a typical
Question: Find the time required for a $1,000 investment to triple when the interest rate, r, equals 0.085, compounding continuously. Show a typical graph of the function.
Formula for continuous compounding: A = P e rt = P e^rt (e is raised to rt)
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