Determine the time necessary for P dollars to double when it is invested at interest rate r compounded annually, monthly, daily, and continuously. (Round your answers to two decimal places.) r = 5.2% (a) annually ___________ yr (b) monthly ___________ yr (c) daily ___________ yr (d) continuously ____________ yr
Determine the time necessary for P dollars to double when it is invested at interest rate r compounded annually, monthly, daily, and continuously. (Round your answers to two decimal places.) r = 5.2% (a) annually ___________ yr (b) monthly ___________ yr (c) daily ___________ yr (d) continuously ____________ yr
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.2: The Natural Exponential Function
Problem 35E
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Determine the time necessary for P dollars to double when it is invested at interest rate r compounded annually, monthly, daily, and continuously. (Round your answers to two decimal places.)
r = 5.2%
(a) annually
___________ yr
(b) monthly
___________ yr
(c) daily
___________ yr
(d) continuously
____________ yr
___________ yr
(b) monthly
___________ yr
(c) daily
___________ yr
(d) continuously
____________ yr
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