How many years are required for an investment to double in value if it is appreciating at the rate of 15% compounded continuously? At 15% compounded continuously, the investment doubles in years. (Round to one decimal place as needed.)
How many years are required for an investment to double in value if it is appreciating at the rate of 15% compounded continuously? At 15% compounded continuously, the investment doubles in years. (Round to one decimal place as needed.)
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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![How many years are required for an investment to double in value if it is appreciating at the rate of 15% compounded
continuously?
...
At 15% compounded continuously, the investment doubles in
years.
(Round to one decimal place as needed.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7f947e77-62d2-4ee5-85d6-e305725e654f%2F998d93a5-8a82-4d03-b36d-28fce8c32526%2Fnsryf_processed.png&w=3840&q=75)
Transcribed Image Text:How many years are required for an investment to double in value if it is appreciating at the rate of 15% compounded
continuously?
...
At 15% compounded continuously, the investment doubles in
years.
(Round to one decimal place as needed.)
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