7. Find the doubling time of an investment earning 2.5% interest compounded a) semiannually b) continuously

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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7. Find the doubling time of an investment earning 2.5% interest compounded
a) semiannually
b) continuously
Transcribed Image Text:7. Find the doubling time of an investment earning 2.5% interest compounded a) semiannually b) continuously
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