You invest 20000 at an annual interest rate of 8 compounded


1) Solve for x: e1-5x = 793

2) You invest $20,000 at an annual interest rate of 8%, compounded continuously. How long does it take for your balance to grow to $100,000? Round off to the nearest year.

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Basic Statistics: You invest 20000 at an annual interest rate of 8 compounded
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