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An investor wants to analyze the earnings of a mutual fund account. Four years ago, the value of the account was $15,000 and it is now worth $18,750(no additional deposits were made). If the account is compared to a bank account paying interest that is compounded continuously, what interest rate would the bank account have to pay to match the mutual fund accounts earnings

by Essaynice Tutors | Sep 8, 2023 | calculus

An investor wants to analyze the earnings of a mutual fund account. Four years ago, the value of the account was $15,000 and it is now worth $18,750(no additional deposits were made). If the account is compared to a bank account paying interest that is compounded continuously, what interest rate would the bank account have to pay to match the mutual fund accounts earnings?

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