An investment grows at 24% compounded monthly. How many years will it take to do the following? (Round your answers to one decimal place.) (a) double  _____yr (b) increase by 40% ____ yr

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section: Chapter Questions
Problem 65E
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An investment grows at 24% compounded monthly. How many years will it take to do the following? (Round your answers to one decimal place.)
(a) double
 _____yr
(b) increase by 40%
____ yr
 
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