Solve the problem.Assume the cost of a gallon of milk is $2.50. With continuous compounding, find the time it would take the cost to be 5 times as much (to the nearest tenth of a year), at an annual inflation rate of 6%.

A. 0.0 years
B. 26.8 years
C. 9.9 years
D. 0.1 years


Answer: B

Mathematics

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A. = - , B = , C = - 
B. = , B = - , C = - 
C. = , B = , C = - 
D. = - , B = , C = 

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A. k = 6 B. k = -4 C. k = 7 D. k = 20

Mathematics