Question: Determine the time necessary for P dollars to double when it is invested at interest rate r compounded annually, monthly, daily, and continuously r =

Determine the time necessary for P dollars to double when it is invested at interest rate r compounded annually, monthly, daily, and continuously
r=7.1%
(a) annually
yr
(b) monthly
yr
(c) daily
yr
(d) continuously
yr
 Determine the time necessary for P dollars to double when it

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