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QUESTION
Carlene is saving her money to buy a $500 desk. She deposits $400 into an account with an annual interest rate of 6% compounded continuously. The equation mc021-1.jpg represents the situation, where t
Carlene is saving her money to buy a $500 desk. She deposits $400 into an account with an annual interest rate of 6% compounded continuously. The equation mc021-1.jpg represents the situation, where t is the number of years the money needs to remain in the account. About how long must Carlene wait to have enough money to buy the desk?
