Kaisyn7344 Kaisyn7344
  • 18-06-2017
  • Business
contestada

How long will it take for an investment to double in value if it earns 10.5% compounded continuously?

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 19-06-2017
Hi there
The formula to double in value
2=e^(0.105×t)
Solve for t
T=(log(2)÷log(e))÷0.105
T=6.6 years

Good luck
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