How long does it take for an investment to double in value if it is invested at 5% compounded monthly? Compounded continuously? At 5% compounded monthly, the investment doubles in about 13.89 years. (Round to two decimal places as needed.) At 5% compounded continuously, the investment doubles in about years. (Round to two decimal places as needed.)

How long does it take for an investment to double in value if it is invested at 5% compounded monthly? Compounded continuously? At 5% compounded monthly, the investment doubles in about 13.89 years. (Round to two decimal places as needed.) At 5% compounded continuously, the investment doubles in about years. (Round to two decimal places as needed.)

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter10: Sequences, Series, And Probability

Section10.8: Probability

Problem 32E

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