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 13.89 years. (Round to two decimal places as needed.) At 5% compounded continuously, the investment doubles in about years. (Round to two decimal places as needed.)

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Math 1043 College Algebra FA2021 (JPost)
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 13.89 years.
(Round to two decimal places as needed.)
At 5% compounded continuously, the investment doubles in about years.
(Round to two decimal places as needed.)
II
Transcribed Image Text:O Microsoft Office Home My files - OneDrive O Presentation2.pptx N MyLab and Masterin A mathxl.com/Student/PlayerHomework.aspx?homeworkld=615251416&questionid=7&flushed%-false&cld%366428058 Math 1043 College Algebra FA2021 (JPost) 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 13.89 years. (Round to two decimal places as needed.) At 5% compounded continuously, the investment doubles in about years. (Round to two decimal places as needed.) II
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