Mathematics

Alessandro Stephens

6 January, 08:46

19. Daenerys wants to deposit $25,000 into an account that compounds interest continuously. She hopes to

have $30,000 in 7 years for a down payment on a house. What interest rate that compounds continuously

must she find in order to accomplish her goal? Round your answer to the nearest hundredth of a percent.

a. 1.48%

b. 4.57%

c. 5.29%

d. 6.72%

+3

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