Answered: The doubling time of an investment with…

The doubling time of an investment with continuous compound interest is 12.4 years. If the investment is worth $22,000 today, how much will it be worth 7 years from now?

Intermediate Algebra

10th Edition

ISBN:9781285195728

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter2: Equations, Inequalities, And Problem Solving

Section2.S: Summary

Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?

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The doubling time of an investment with continuous compound interest is 12.4 years. If the investment is worth $22,000 today, how much will it be worth 7 years from now?

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