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Provide an Appropriate Response

question 8

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Provide an appropriate response.
-A man with $9000 to invest puts the money into an account that earns 8% compounded continuously.Graph the corresponding present value function and calculate the number of years before the $9000 will be due in order for its present value to be $7000.Use the formula P = Ae-rt. Provide an appropriate response. -A man with $9000 to invest puts the money into an account that earns 8% compounded continuously.Graph the corresponding present value function and calculate the number of years before the $9000 will be due in order for its present value to be $7000.Use the formula P = Ae-rt.   A)    3.14 years B)    6.28 years C)    7.45 years D)    0.84 years


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