(a) How long will it take an investment to double in value if the interest rate is...

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(a) How long will it take an investment to double in value if the interest rate is 3%, compounded continuously?

(b) What is the equivalent annual interest rate?

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Calculus Early Transcendentals

ISBN: 9781337613927

9th Edition

Authors: James Stewart, Daniel K. Clegg, Saleem Watson, Lothar Redlin

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Question Posted: Dec 31, 2020 01:47 AM

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(a) How long will it take an investment to double in value if the interest rate is...

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a A 0 e 0 03 t 2A 0 e 0 03 t 2 003t ln2 t 1003 ln 2 2310 so the in...View the full answer

Calculus Early Transcendentals

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