A mathxl.com/Student/PlayerHomework.aspx?homeworkld%3D615251416&questionid%3D2&flushed%3true&cld%3D66428 Math 1043 College Algebra FA2021 (JPost) E Homework: Homework 6.7 How long does it take for an investment to double in value if it is invested at 5% compounded monthly? Compounded continuously? At 5% compounded monthly, the investment doubles in about years. (Round to two decimal places as needed.)

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Author:Ron Larson
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Chapter5: Exponential And Logarithmic Functions
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Problem 37CT: On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest,...
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Math 1043 College Algebra FA2021 (JPost)
E Homework: Homework 6.7
How long does it take for an investment to double in value if it is invested at 5% compounded monthly? Compounded continuously?
At 5% compounded monthly, the investment doubles in about years.
(Round to two decimal places as needed.)
Transcribed Image Text:A mathxl.com/Student/PlayerHomework.aspx?homeworkld%3D615251416&questionid%3D2&flushed%3true&cld%3D66428 Math 1043 College Algebra FA2021 (JPost) E Homework: Homework 6.7 How long does it take for an investment to double in value if it is invested at 5% compounded monthly? Compounded continuously? At 5% compounded monthly, the investment doubles in about years. (Round to two decimal places as needed.)
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