devinmoore1093 devinmoore1093

10-03-2021
Mathematics

contestada

How long will it take for an investment of $1000 to double in value if the interest rate is 8.5% per year, compounded continuously

Respuesta :

luissanchez16 luissanchez16

10-03-2021

answer:

t = 9.24 years.

Step-by-step explanation:

t = ln2/0.075

t = 9.24 years.

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