long does it take for an investment to double in value if it is invested at 18% compounded monthly? Compounded continuously? .**** 8% compounded monthly, the investment doubles in about und to two decimal places as needed.) years. 18% compounded continuously, the investment doubles in about years. ound 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 does it take for an investment to double in value if it is invested at 18% compounded monthly? Compounded continuously?
At 18% compounded monthly, the investment doubles in about
(Round to two decimal places as needed.)
years.
www
At 18% compounded continuously, the investment doubles in about ye
(Round to two decimal places as needed.)
years
Enter your answer in each of the answer boxes.
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Transcribed Image Text:How long does it take for an investment to double in value if it is invested at 18% compounded monthly? Compounded continuously? At 18% compounded monthly, the investment doubles in about (Round to two decimal places as needed.) years. www At 18% compounded continuously, the investment doubles in about ye (Round to two decimal places as needed.) years Enter your answer in each of the answer boxes. MacBook Air FS F6 F7 esc F3 F4 F1 F2 2# $ % 3 4 Q W E tab F G S D cans lock く○ A.
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