Suppose that $12,000 is invested in a bond fund and the account grows to $14,146.32...
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Suppose that $12,000 is invested in a bond fund and the account grows to $14,146.32 in 5 yr.(a) Use the model A=Pe to determine the average rate of return under continuous compounding. Round to the nearest tenth of a percent. Avoid rounding in intermediate steps. The average rate of return under continuous compounding is approximately
Suppose that $12,000 is invested in a bond fund and the account grows to $14,146.32 in 5 yr.(a) Use the model A=Pe to determine the average rate of return under continuous compounding. Round to the nearest tenth of a percent. Avoid rounding in intermediate steps. The average rate of return under continuous compounding is approximately
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