Question: Find the time it takes for $5,000 to double when invested at an annual interest rate of 4%, compounded continuously ____________years Find the time it

Find the time it takes for $5,000 to double when invested at an annual interest rate of 4%, compounded continuously

____________years

Find the time it takes for $500,000 to double when invested at an annual interest rate of 4%, compounded continuously.

_________________years

Give your answers accurate to 4 decimal places

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:

I need help with these questions I failed on my classwork last week. I Question 2 v Find the time it takes for \"168,1 00 to double when invested at an annual interest rate of10iii1, compounded...

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:

Find the time it takes for $7,600 to double when invested at an annual interest rate of 4%, compounded continuously. 17Incorrect years

Q:

Please answer the following questions for homework. Australian economics. Question 1 Cloe borrows $4, 000, 000 from a building society for 3 years at an annual rate of interest of 6% and she is going...

Q:

MATH019801-F22R-6943: HW 1.2 X + X C A ilearn.sfsu.edu/ay2223/mod/Iti/view.php?id=230696 GAO R ... E iLearn Rafael Barajas Mendoza MATH019801-F22R- Score on last try: 0.8 of 1 pts. See Details for...

Q:

myopenmath.com Upgra MyOpen Get ne board Learn and Liv Instructor Test 2 2hrs14mins X Progress saved Sub Score: 6/15 6/15 answered Question 1 0/1 pt 9 3 0 Details The count in a bacteria culture was...

Q:

One way to visualize cash flows, interest rates, and time that is very helpful is to put this information on a: timeline. space ship. discount double check. longitudinal study. 5 points Question 3...

Q:

Exam III - Math 141 Fall 2016 Name: Exam Version A This exam is multiple choice. Each problem is worth five points, for a maximum possible total of 105 points (5 possible bonus points). Fill in your...

Q:

Question 2 One way to visualize cash flows, interest rates, and time that is very helpful is to put this information on a: timeline. space ship. discount double check. longitudinal study. 5 points...

Q:

3) The gross domestic product (GDP) of a certain country was $400 billion at the beginning 3) of the year 2005 and increases at the rate of 2.6% per year. a. Express the GDP of this country as a...

Q:

On April 5, 2020, Javier Sanchez purchased and placed in service a new 7-year class asset costing $340,400 for use in his landscaping business, which he operates as a single member LLC (Sanchez...

Q:

Hendrix Guitars, Inc. has Profit margin 6.3% Total asset turnover 1.75 Total debt ratio .35 Payment ratio 30% Calculate the sustainable growth rate.

Q:

Select payment systems stakeholders to their interests D . v Consumers C . v Merchants Financial intermediaries ( banks and credit card networks ) Government regulators A . interested in maintaining...

Q:

Product N is normally sold for $21.40 per unit. A special price of $16.10 is offered for the export market. The variable production cost is $11.20 per unit. An additional export tariff of 20% of...