A $4000 investment has continuous compound interest at 7% per year. How long will it take for

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A $4000 investment has continuous compound interest at 7% per year. How long will it take for the investment to double? Round to a whole number for years. Show work for credit! Use the Continuous Compound Interest Formula:

The continuous compounding formula is,

A=Pe^rt

where,

P = the initial amount

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Nov 22, 2023 06:30 AM

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A $4000 investment has continuous compound interest at 7% per year. How long will it take for

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Given P 4000 initial investment r 7 annual interest rate A 2P ... View the full answer

Income Tax Fundamentals 2013

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