Find the time t required for a $1100 investment to double at interest rate r, compounded continuously, and triple at interest rater, compounded continuously. Round your results to two decimal pilaces.r- 8%(a) double at interest rate r, compounded continuously(b) triple at interest rate r, compounded continuouslyyr

Interest rate (r) = 8% Mathematics constant (e) = 2.7183 Investment (P) = $ 1100

Answered: Find the time t required for a $1100…

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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