Question
A man with $20,000 to invest decides to diversify his investments by placing $10,000 in an...
A man with
$20,000
to invest decides to diversify his investments by placing
$10,000
in an account that earns
5.2%
compounded continuously and
$10,000
in an account that earns
6.4%
compounded annually. Use graphical approximation methods to determine how long it will take for his total investment in the two accounts to grow to
$35,000.
It will take approximately
nothing
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 needed.)
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