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

Determine the time necessary forPdollars to double when it is invested at interest ratercompounded annually, monthly, daily, and continuously. (Round your answers to two decimal places.)

r=1.1%

(a) annually

(b) monthly

(d) continuously

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