Solve the Problem. -Suppose the Consumption of Electricity Grows at 5.8% Per Year

question 103

Multiple Choice

Solve the problem.
-Suppose the consumption of electricity grows at 5.8% per year, compounded continuously. Find the number of years before the use of electricity has tripled. Round the answer to the nearest hundredth.

• A) 18.94 yr
• B) 1.89 yr
• C) 51.72 yr
• D) 0.19 yr

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Dividend Payments

Cash or other forms of payments made by a corporation to its shareholders, typically out of the company’s earnings.

Corporate Distributions

Payments made by a corporation to its shareholders, often in the form of dividends, stock buybacks, or other financial assets.

State Law

The collection of laws and regulations established by each state governing matters within its own jurisdiction.

Mandatorily Redeemable

Refers to securities or financial instruments that the issuer is obliged to buy back at a specific date and price.