A person invest $20000 in a project and earn 20 percent per annum continuously. Calculate; (a) the total amount after 4 years, (b) the time required to double the amount?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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ISBN:9781337514835
Author:MOYER
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Chapter5: The Time Value Of Money
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A person invest $20000 in a project and earn 20 percent per annum continuously. Calculate; (a) the total amount after 4 years, (b) the time required to double the amount?
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