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  3. suppose that 13 000 is invested in a bond fund and

Suppose that 13 000 is invested in a bond fund and the account grows to...

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Suppose that 13 000 is invested in a bond fund and the account grows to 14 297 16 in 3 yr Part 0 2 Part 1 of 2 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 Part 1 2 Part 2 of 2 X 3 b How long will it take the investment to reach 20 000 if the rate of return continues Round to the nearest tenth of a year Round values in intermediate steps to three decimal places gh 20 000 if the rate of return continues G

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