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How long will it take for an investment to fivefold its amount if money is worth 14% compounded continuously? 12 13 14 O 1

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 1P

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Question

How long will it take for an investment to fivefold its amount if money is worth
14% compounded continuously?
12
13
14
O 1

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