Hannah deposited P13,719 in an account paying 6% interest compounded continuously for 7 years. How long will it take for the money to triple. Note: SOLVE CONTINUOUSLY. Round off final answer to two decimal places. If your answer is -0.89668 then input -0.90 as your answer.

Hannah deposited P13,719 in an account paying 6% interest compounded continuously for 7 years. How long will it take for the money to triple. Note: SOLVE CONTINUOUSLY. Round off final answer to two decimal places. If your answer is -0.89668 then input -0.90 as your answer.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 10PROB

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Question

Hannah deposited P13,719 in an account paying 6% interest compounded continuously for 7 years. How long will it take for the money to triple.

Note: SOLVE CONTINUOUSLY. Round off final answer to two decimal places. If your answer is -0.89668 then input -0.90 as your answer.

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