Landry Deposits $10,000 into an Account That Compounds Interest Continuously

question 21

Essay

Landry deposits $10,000 into an account that compounds interest continuously at a rate of 2.375%.How long will it take his money to grow to $11,000? Round your answer to the nearest tenth of a year.

---

Definitions:

Cosmological Argument

A philosophical argument for the existence of God which posits that everything that exists has a cause, leading to the necessity of a first cause, identified as God.

Fideism

The belief that the divine is revealed through faith and does not require reason.

Religious Beliefs

Convictions or faith in the doctrines of a religion, which can include beliefs in a higher power, moral codes, and afterlife.

Basis Of Reason

The fundamental principles or underlying logic that guide reasoning or argumentation.