Ask Question
25 January, 02:45

You want to make an investment in a continuously compounding account earning 5.8% interest. how many years will it take for your investment to double in value? round the natural log value to the nearest thousandth. round the answer to the nearest year. 27 years 8 years 34 years 12 years

+2
Answers (1)
  1. 25 January, 04:00
    0
    For continuous compounding you'd use y=Pe^rt but to evaluate this problem you need a principle, or initial amount, which you haven't given.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You want to make an investment in a continuously compounding account earning 5.8% interest. how many years will it take for your investment ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers