9. How many years are required for $1,000 to increase to $2,000 if invested at9% per year compounded continuously?

The final answer is 7.702 years or 7 years and 8 months. explanation: Given we have Amount = 2000…

Answered: 9. How many years are required for…

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9. How many years are required for $1,00C 9% per year compounded continuously?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 15PROB

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9% per year compounded continuously?

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