Question: Find the time it takes for $8,200 to double when invested at an annual interest rate of 8%, compounded continuously. years Find the time

Find the time it takes for $8,200 to double when invested at an annual interest rate of 8%, compounded continuously. years Find the time it takes for $820,000 to double when invested at an annual interest rate of 8%, compounded continuously. years Give your answers accurate to 4 decimal places.

Step by Step Solution

★★★★★

3.47 Rating (154 Votes )

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!

introduced a model for studying the effects of taxation on investment. The following questions pertain to that model and use the same notation. Suppose that the investor (whose name is Avril) is risk...

For each problem, show your work steps. A correct answer with no work shown gets half credit (which means you fail the assignment). An incorrect answer with no work receives 0 credit. With time value...

How quickly will money double if it is invested at an annual interest rate of 7% compounded continuously?

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...

MATH019801-F22R-6943: HW 3.( X + X C A ilearn.sfsu.edu/ay2223/mod/Iti/view.php?id=289440 GAD R ... E iLearn Rafael Barajas Mendoza Score: 2/10 2/10 answered MATH019801-F22R- . Question 10 0/1 pt 9 2...

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...

Find the time it takes for $5,200 to double when invested at an annual interest rate of 11%, compounded continuously. _______ years Find the time it takes for $520,000 to double when invested at an...

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...

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...

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...

The income statement below was prepared by a new and inexperienced employee in the accounting department of Dexter, Inc., a business organized as a corporation: Instructions a. Prepare a corrected...

Describe some field-level and record-level data trans-formations that often occur during the ETL process for loading a data warehouse.

Copyright Impairment Presented below is information related to copyrights owned by Botticelli Company at December 31, 2010. Assume that Botticelli Company will continue to use this copyright in the...

On April 22, 2016, Sandstone Enterprises purchased equipment for $129,200. The company expects to use the equipment for 12,000 working hours during its four-year life and that it will have a residual...

If n independent random variables have the same gamma distribution with the parameters and , find the moment-generating function of their sum and, if possible, identify its distribution.

Accounting for Trade Name In early January 2009, Reymont Corporation applied for a trade name, incurring legal costs of $18,000. In January of 2010, Reymont incurred $7,800 of legal fees in a...

Use the moment-generating function technique to rework Exercise 7.27. In exercise If X1 and X2 are independent random variables having binomial distributions with the respective parameters n1 and ...

each in AnyLake, ON, located 8: 123 Beach Lang. They had purchased the cottage back in 2007 at a cost of $125.000. They sold the cottage to a inend on June 15, 2017 for $200,000 cash. All transaction...

Assume that you are nearing graduation and have applied for a job with a local bank. The bank's evaluation process requires you to take an examination that covers several financial analysis...

Refer to Problem 12-1. Return to the assumption that the company had $5 million in assets at the end of 2016, but now assume that the company pays no dividends. Under these assumptions, what would be...

a. Using the financial statements shown here for Lan & Chen Technologies, calculate net operating working capital, total net operating capital, net operating profit after taxes, free cash flow, and...

13. What is the relationship between orexin and narcolepsy?

10. Why do most antihistamines make people drowsy?

9. What would happen to the sleepwake schedule of someone who took a drug that blocked GABA?