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How long it will take for an investment of 3000 dollars to double in value if the interest rate is 8 percent per year, compounded continuously
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How long it will take for an investment of 3000 dollars to double in value if the interest rate is 8 percent per year, compounded continuously

User Josephnvu
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1 Answer

10 votes

Answer:

8.66435 years

Step-by-step explanation:

With no annual or monthly contribution, and no inflation, it'll take around this long.

User Overachiever
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