A mathematical model for the Future Value of a savings account earning interest that is compounded continuously is given by the equation FV = Pert, where FV is the amount after t years, P is the principal amount invested at t = 0, and the principal is assumed to grow continuously at a rate, r. How many years will it take the principal to triple if the annual rate is 12%?
Looking for solution of this Assignment?
WHY CHOOSE US?
We deliver quality original papers
|Our experts write quality original papers using academic databases.
|We offer our clients multiple free revisions just to ensure you get what you want.
|All our prices are discounted which makes it affordable to you. Use code FIRST15 to get your discount
|We deliver papers that are written from scratch to deliver 100% originality. Our papers are free from plagiarism and NO similarity
|We will deliver your paper on time even on short notice or short deadline, overnight essay or even an urgent essay