Question
How long would it take an investment to double under each of the following conditions?
(a) Interest is 3.3% compounded monthly. (Enter your answer as a whole number of years and months.)
months
years and
(b) Interest is 7% compounded continuously. (Round your answer to three decimal places.)
years

Image Transcription

How long would it take an investment to double under each of the following conditions? (a) Interest is 3.3% compounded monthly. (Enter your answer as a whole number of years and months.) months years and (b) Interest is 7% compounded continuously. (Round your answer to three decimal places.) years

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