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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
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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

User Dahie
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1 Answer

5 votes

answer:

t = 9.24 years.

Explanation:

t = ln2/0.075

t = 9.24 years.

User Jendrusk
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7.3k points
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