How many years are required for an investment to double in value if it is appreciating at the rate of 15% compounded continuOusly? At 15% compounded continuously, the investment doubles in (Round to one decimal place as needed.) years Enter your answer in the answer box. IZ HO4 474474 arch hp

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.2: The Natural Exponential Function
Problem 36E
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How many years are required for an investment to double in value if it is appreciating at the rate of 15% compounded continuOusly?
At 15% compounded continuously, the investment doubles in
(Round to one decimal place as needed.)
years
Enter your answer in the answer box.
IZ HO4 474474
arch
hp
Transcribed Image Text:How many years are required for an investment to double in value if it is appreciating at the rate of 15% compounded continuOusly? At 15% compounded continuously, the investment doubles in (Round to one decimal place as needed.) years Enter your answer in the answer box. IZ HO4 474474 arch hp
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