A sum of $5000 is invested at an interest rate of % per
Chapter 4, Problem 90(choose chapter or problem)
A sum of $5000 is invested at an interest rate of % per year, compounded semiannually. (a) Find the amount of the investment after years. (b) After what period of time will the investment amount to $7000? (c) If interest were compounded continously instead of semiannually, how long would it take for the amount to grow to $7000?
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