Find the time it takes for $7,700 to double when invested at an annual interest rate of 18%, compounded continuously. years Find the time it takes for $770,000 to double when invested at an annual interest rate of 18%, compounded continuously. years

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 97E: Applications Use a calculator to help solve each problem. Compound interest If 500 is deposited in...
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Find the time it takes for $7,700 to double when invested at an annual interest rate of 18%, compounded
continuously.
years
Find the time it takes for $770,000 to double when invested at an annual interest rate of 18%, compounded
continuously.
years
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Transcribed Image Text:Textbook L O videos [+] Find the time it takes for $7,700 to double when invested at an annual interest rate of 18%, compounded continuously. years Find the time it takes for $770,000 to double when invested at an annual interest rate of 18%, compounded continuously. years Question Help: Message instructor Add Work Submit Question
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