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lawyer [7]
3 years ago
7

How long will it take for an investment that is earning 12.0% interest (compounded continuously) to double in value?

Mathematics
1 answer:
melisa1 [442]3 years ago
5 0
We''ll use $100 and $200 for the investment amounts.
Using the attached formula,
Years = natural log (200 / 100) / .12
Years = natural log (200 / 100) / .12
Years = 0.69314718056 / .12
Years = <span> <span> <span> 5.7762265047 </span> </span> </span>

About 5.78 years


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