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29 September, 23:05

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%

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Answers (1)
  1. 30 September, 02:31
    0
    c 5.29
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