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How long will it take for an investment to double in value if it earns 10.5% compounded continuously?
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How long will it take for an investment to double in value if it earns 10.5% compounded continuously?

User Rickroyce
by
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1 Answer

2 votes
Hi there
The formula to double in value
2=e^(0.105×t)
Solve for t
T=(log(2)÷log(e))÷0.105
T=6.6 years

Good luck
User Ian Will
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