Problem on the compound interest

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Reference no: EM131781737

Question: Compound interest If $5000 is invested at 13.5%, compounded continuously, then the future value S at any time t (in years) is given by

S = 5000e^0.135t.

(a) What is the amount after 9 months?

(b) How long will it be before the investment doubles?

Reference no: EM131781737

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