(a) How long will it take an investment to double in value if the interest rate is 4% compounded continuously? (Round your answer to two decimal places.) yr (b) What is the equivalent annual interest rate? (Round your answer to two decimal places.) %
(a) How long will it take an investment to double in value if the interest rate is 4% compounded continuously? (Round your answer to two decimal places.) yr (b) What is the equivalent annual interest rate? (Round your answer to two decimal places.) %
Chapter5: Exponential And Logarithmic Functions
Section5.4: Exponential And Logarithmic Equations
Problem 10ECP: You invest $500 at an annual interest rate of 5.25, compounded continuously. How long will it take...
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