Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
![7. An initial deposit was placed into a crypto-account that accrues interest
compounded continuously.
B
If the value doubles in 72 months, How many years will it take for the initial
deposit placed to triple its value? *
O A. 114 years
О В. 11.4 уears
Ос. 95 years
O D. 9.5 years](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6add1fd1-400b-4e10-aae3-1a8249febf7e%2F9df88671-caff-4dc9-a45e-4156e39d8a94%2Fpix6i3po_processed.jpeg&w=3840&q=75)
Transcribed Image Text:7. An initial deposit was placed into a crypto-account that accrues interest
compounded continuously.
B
If the value doubles in 72 months, How many years will it take for the initial
deposit placed to triple its value? *
O A. 114 years
О В. 11.4 уears
Ос. 95 years
O D. 9.5 years
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