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8 December, 08:40

How long will it take any investment to quadruple if it earns 5.6% interest, compounded continuously

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  1. 8 December, 09:17
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    For this example we will calculate $100 becoming $400

    Years = natural log (Total / Principal) / rate

    Years = natural log (400 / 100) /.056

    Years = natural log (4) /.056

    Years = 1.3862943611 /.056

    Years = 24.7552564482

    (Roughly 24 (3 / 4) years)
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