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College Math

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Fiona invested $1100 at 8% compound comtinously. At the same time, Maria ivested $1200 at 8% compounded daily. How long will it take for their investments to be equal in value?

  • College Math - ,

    after x years, the two amounts will be equal:

    1100*e^.08x = 1200*(1+.08/365)^(365x)
    x = 9926.18535

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