Mr Jones Has Two Investments

question 46

Short Answer

Mr. Jones has two investments. The first is currently worth $50,000 and has an annual yield of 10% compounded continuously. The second is currently worth $70,000 and has an annual yield of 8% compounded continuously. After how many years will the two investments be worth the same amount? Enter your answer in years to one decimal place (no units).

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Definitions:

Service Quality

An assessment of how well a delivered service matches the customer's expectations, including aspects like reliability, responsiveness, and empathy.

Selling Process

A series of steps taken by a salesperson to persuade potential buyers to purchase a product or service, beginning with prospecting and concluding with closing the sale.

Service Quality

The perception of the degree to which a service meets or exceeds customer expectations.

Body Language

Non-verbal communication through gestures, expressions, and bodily movements.