MY NOTE How long will it take for an investment of $5,000 to double if the investment earns interest at the rate of 8%/year compounded continuously? (Round your answer to one decimal place.) yr Additional Materials

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter10: Exponential And Logarithmic Functions
Section10.5: Solve Exponential And Logarithmic Equations
Problem 10.86TI: Rachel invests $15,000 at age 25. She hopes the investments will be worth when she turns 40. If the...
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MY NOTES
How long will it take for an investment of $5,000 to double if the investment earns interest at the rate of 8%/year
compounded continuously? (Round your answer to one decimal place.)
yr
Additional Materials
EI eBook
Transcribed Image Text:028. MY NOTES How long will it take for an investment of $5,000 to double if the investment earns interest at the rate of 8%/year compounded continuously? (Round your answer to one decimal place.) yr Additional Materials EI eBook
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