Question

Question Help A man with $20,000 to invest decides to diversify his investments by placing S 10 000 n an account that earns 5 2% compounded continuously and S 10,000 in an account that earns 6 4% compounded annually Use graphical approx mation methods to determne how ion wil take to his total invest en n he t econ s to grow to $35,000 It will take approximately 11.79 years for his total investment in the two accounts to grow to $35,000 Type an integer or decimal rounded to one decimal place as aooded)

Answer 1

ut it takes a ears. yay Compon inte gives 10,000 ( l+ )" (o0 χ year s Compounded Confinį ouiLygiw. 太 0.06 6.4 Soluing whinCAS A i,