How many years are required for an investment to double in value if it is appreciating at the rate of 7% compounded continuously? ..... At 7% compounded continuously, the investment doubles in years. (Round to one decimal place as needed.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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How many years are required for an investment to double in value if it is appreciating at the rate of 7% compounded continuously?
At 7% compounded continuously, the investment doubles in
(Round to one decimal place as needed.)
years.
Transcribed Image Text:How many years are required for an investment to double in value if it is appreciating at the rate of 7% compounded continuously? At 7% compounded continuously, the investment doubles in (Round to one decimal place as needed.) years.
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