Find the amount of time it would take for a $32,000 investment to double given the...
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Find the amount of time it would take for a $32,000 investment to double given the following scenario. An interest rate of 7.19% compounded continuously. Do not round-off anything until you obtain the final answer. Round your answers to the nearest year. Number year Find the amount of time it would take for a $32,000 investment to double given the following scenario. An interest rate of 7.19% compounded continuously. Do not round-off anything until you obtain the final answer. Round your answers to the nearest year. Number year Find the amount of time it would take for a $32,000 investment to double given the following scenario. An interest rate of 7.19% compounded continuously. Do not round-off anything until you obtain the final answer. Round your answers to the nearest year. Number year Find the amount of time it would take for a $32,000 investment to double given the following scenario. An interest rate of 7.19% compounded continuously. Do not round-off anything until you obtain the final answer. Round your answers to the nearest year. Number year
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We can use the formula for continuous compound interest to find the amount of t... View the full answer
Related Book For
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
Posted Date:
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