How long does it take for an investment to double in value if it is invested at 18% compounded quarterly? Compounded continuously? At 18% compounded quarterly, the investment doubles in about (Round to two decimal places as needed.) years. At 18% compounded continuously, the investment doubles in about (Round to two decimal places as needed.) years

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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How long does it take for an investment to double in value if it is invested at 18%....

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How long does it take for an investment to double in value if it is invested at 18% compounded quarterly? Compounded continuously?
At 18% compounded quarterly, the investment doubles in about
(Round to two decimal places as needed.)
years.
At 18% compounded continuously, the investment doubles in about
(Round to two decimal places as needed.)
years.
Transcribed Image Text:How long does it take for an investment to double in value if it is invested at 18% compounded quarterly? Compounded continuously? At 18% compounded quarterly, the investment doubles in about (Round to two decimal places as needed.) years. At 18% compounded continuously, the investment doubles in about (Round to two decimal places as needed.) years.
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