How many years are required for an investment to double in value if it is appreciating at the rate of 6% compounded continuously? At 6% compounded continuously, the investment doubles in years.
How many years are required for an investment to double in value if it is appreciating at the rate of 6% compounded continuously? At 6% compounded continuously, the investment doubles in years.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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Round to one decimal place as needed.
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