Suppose that $8,000 is invested at an interest rate of 5.2% per year, compounded continuously. What is the doubling time? А. 12.3 уг О B. 2 ут 0 С. 13.3 ут D. 14.3 ут

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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Suppose that $8,000 is invested at an interest rate of 5.2% per year, compounded continuously. What is the doubling time?
А. 12.3 уг
О B. 2 ут
0 С. 13.3 ут
D. 14.3 ут
Transcribed Image Text:Suppose that $8,000 is invested at an interest rate of 5.2% per year, compounded continuously. What is the doubling time? А. 12.3 уг О B. 2 ут 0 С. 13.3 ут D. 14.3 ут
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