Question: Find the time it takes for $ 5 , 0 0 0 to double when invested at an annual interest rate of 4 8 ,

Find the time it takes for $5,000 to double when invested at an annual interest rate of 48, compounded continuously.
years
Find the time it takes for $500,000 to double when invested at an annual interest rate of 48, compounded continuously
years
Give your answers accurate to 4 decimal places.
Find the time it takes for $ 5 , 0 0 0 to double

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

Find the time it takes for 7 300 to double when invested at an annual interest rate of 8 compounded continuously years Find the time it takes for 730 000 to double when invested at an annual interest...

Q:

If the rate of inflation is 2.8% per year, the future price p (1) (in dollars) of a certain item can be modeled by the following exponential function, where ? is the number of years from today. ? p...

Q:

number of years from today. If the rate of inflation is 2.8% per year, the future price p (1) (in dollars) of a certain item can be modeled by the following exponential function, where i is the ? p...

Q:

#1 appreciate the help! Solve the equation. we the solution set with the exact solutions. 10g9 (11+ 13)210g9 (5_q) If there is more than one solution, separate the answers with commas. There is no...

Q:

i want just answers How much money would you pay in interest if you borrowed $10000 for 9 years ?at 6.75% annual interest rate compounded continuously Find the number of periods to double your...

Q:

The capitalized cost is given by the following function, where C 0 is the original investment, t is the time in years, r is the annual interest rate compounded continuously, and c ( t ) is the annual...

Q:

Use the model A= Pe" or A= P(1+ ) , where A is the future value of P dollars invested at interest rate / compounded continuously or n times per year for t years. $20,000 is invested at 3% interest...

Q:

I"! w w Introduction In this unit, you explored the properties and characteristics of exponential E and logarithmic (5 functions. You also saw numerous realworld applications ofthese functions,...

Q:

Hi Akshya, plz find the attachments and let me know if you can help me in completing the finance problems in worh or excel formats. FINA 6301 HW Problems - 10TH Edition Chapters 10 and 11 - Session 8...

Q:

dont need to show work!!! skip 6, 12, 17, 19, 20 4. What is a particular solution of the indefinite integral/ V1- that passes through the point (2 -;)7 A. F -6 - 12- 1 C. y -5 min 's- S. Find the...

Q:

Jason Company has recently took over Teague Company at a cost of P16,000,000Jason Company acquired the following assets at fair value: Land and building 6,500,000 Production machinery 3,200,000...

Q:

can u please fill this buisness model canvas about reusable batteries charger KEY PARTNERS Who are our key partners? Who are our key suppliers? Which key resources are we acquiring from our partners?...

Q:

An advantage of investing in a 4 0 1 ( k ) plan is the Group of answer choices Opportunity to save $ 2 5 , 0 0 0 per year. Possibility of receiving an employer match on your contributions. Ability to...

Q:

What are some food related health care issues that inner cities are more likely to see than more affluent areas? Why are certain areas most likely to experience inadequate healthy food options than...