Find the missing values assuming continuously compounded interest. (Round your answers to two decimal places.) Annual Time to Double Initial Amount After Investment % Rate 10 Years $2000 2.6% X yr $ Find the missing values assuming continuously compounded interest. (Round your answers to two decimal places.) Initial Investment Time to Double Amount After 10 Years Annual % Rate $800 % yr $1105 You invest $4500 in an account at interest rate r, compounded continuously. Find the time required for the amount to double and triple. (Round your answers to two decimal places.) r = 0.0455 (a) double 27.73 X yr (b) triple 43.94 x yr
Find the missing values assuming continuously compounded interest. (Round your answers to two decimal places.) Annual Time to Double Initial Amount After Investment % Rate 10 Years $2000 2.6% X yr $ Find the missing values assuming continuously compounded interest. (Round your answers to two decimal places.) Initial Investment Time to Double Amount After 10 Years Annual % Rate $800 % yr $1105 You invest $4500 in an account at interest rate r, compounded continuously. Find the time required for the amount to double and triple. (Round your answers to two decimal places.) r = 0.0455 (a) double 27.73 X yr (b) triple 43.94 x yr
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
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
Transcribed Image Text:Find the missing values assuming continuously compounded interest. (Round your answers to two decimal places.)
Initial
Time to
Double
Annual
Amount After
Investment % Rate
10 Years
$2000
2.6%
X yr| $
Find the missing values assuming continuously compounded interest. (Round your answers to two decimal places.)
Initial
Annual
Time to
Double
Amount After
Investment
% Rate
10 Years
$800
yr
$1105
You invest $4500 in an account at interest rate r, compounded continuously. Find the time required for the amount to double and triple. (Round your answers to two
decimal places.)
r = 0.0455
(a) double
27.73
X yr
(b) triple
|
43.94
X yr
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