How long will it take an investment to double in value if a 9% continuously compounded interest rate is applied? Note: Round to the nearest hundredth of a year.
How long will it take an investment to double in value if a 9% continuously compounded interest rate is applied? Note: Round to the nearest hundredth of a year.
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.6: Other Types Of Equations
Problem 9ECP: You deposit $2500 in a long-term investment in which the interest is compounded monthly. After 5...
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DIFFERENTIATING EXPONENTIAL FUNCTIONS
Transcribed Image Text:How long will it take an investment to double in value if a 9%
continuously compounded interest rate is applied?
Note: Round to the nearest hundredth of a year.
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