Problem

Jaimin has $10,000 to invest and wants to have at least $25,000 in the account in 10 yr fo...

Jaimin has $10,000 to invest and wants to have at least $25,000 in the account in 10 yr for his daughter's college education fund. If the account pays interest compounded continuously, what interest rate is required?

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Solutions For Problems in Chapter 5.5