(A) Show that the rate r that doubles an investment at continuously compounded interest in t years...
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(B) Graph the doubling-rate equation from part (A) for 1 ‰¤ t ‰¤ 20. Is this restriction on t reasonable? Explain.
(C) Determine the doubling rates for t = 2,4,6,8,10, and 12 years.
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A A Pe rt 2P Pe rt 2 e rt rt ln 2 r ln 2 t B Although t could be any positive numbe...View the full answer
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Related Book For 
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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