evelynsadler18 evelynsadler18

05-12-2019
Mathematics

contestada

How long will it take for an investment of $2000 to double in value if the interest rate is 7.25%
per year, compounded continuously?

Respuesta :

ThatKid101 ThatKid101

05-12-2019

Answer:

t = ln2/0.075

t = 9.24 years.

hope this helps

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