5. (a) How long does it take for an investment to double in value if it s invested at 8% compounded monthly? b) How long does it take if the interest is compounded continuously?
5. (a) How long does it take for an investment to double in value if it s invested at 8% compounded monthly? b) How long does it take if the interest is compounded continuously?
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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