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26 June, 07:51

Natasha invests $3,000 at age 18 from the signing bonus of her new job. She hopes the investment will be worth $300,000 when she turns 40. If the interest compounds continuously, approximately what rate of growth will she need to achieve her goal? Round to the nearest tenth of a percent.

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  1. 26 June, 08:22
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    Answer: r ~ 0. 20933

    r = 20.9 %
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