How long s it take for an investment to double in value if it is invested at 15% compounded quarterly? Compounded continuously? At 15% compounded quarterly, the investment doubles in about years. (Round to two decimal places as needed.) At 15% compounded continuously, the investment doubles in about years. (Round to two decimal places as needed.)

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
s it take for an investment to double in value if it is invested at 15% compounded quarterly? Compounded continuously?
At 15% compounded quarterly, the investment doubles in about
(Round to two decimal places as needed.)
years.
At 15% compounded continuously, the investment doubles in about years.
(Round to two decimal places as needed.)
Enter your answer in each of the answer boxes.
Copy of Case stud..pdf
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Transcribed Image Text:How long s it take for an investment to double in value if it is invested at 15% compounded quarterly? Compounded continuously? At 15% compounded quarterly, the investment doubles in about (Round to two decimal places as needed.) years. At 15% compounded continuously, the investment doubles in about years. (Round to two decimal places as needed.) Enter your answer in each of the answer boxes. Copy of Case stud..pdf Type here to search hp
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