Mathematics, 28.04.2021 20:20 mvtthewisdead

Charlie deposits $5,000 into a bank account that has 6% interest that is compounded continuously. Billy invests $6,000 into a different bank account that also compounds continuously. You both invest your money for 8 years. What would Billy’s interest rate need to be in order for Charlie and billy to have the same amount of money in their accounts 8 years from now?

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Charlie deposits $5,000 into a bank account that has 6% interest that is compounded continuously. Bi...

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