Question: Question content area top Part 1 How long does it take for an investment to double in value if it is invested at 1 4

Question content area top
Part 1
How long does it take for an investment to double in value if it is invested at
1414%
compounded continuously?
Question content area bottom
Part 1
At
1414%
compounded continuously, the investment doubles in about
enter your response here
years.
(Round to two decimal places as needed.)

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:

Question content area top Part 1 How long will it take $ 1 3 3 4 . 0 0 to accumulate to $ 1 5 8 4 . 0 0 at 5 % p . a . compounded semi dash annually ? State your answer in years and months ( from 0...

Q:

Question content area top Part 1 How long will it take to save $ 1 7 0 1 . 0 0 by making deposits of $ 1 4 6 . 0 0 at the end of every year into an account earning interest at 7 % compounded annually...

Q:

Number of payments. Your grandfather will sell you a piece of beachfront property for $ 6 5 , 0 0 0 . He says the price is firm whenever you can pay him cash. You know your finances will only allow...

Q:

Question content area top Part 1 Double your wealth . Kant Miss Company is promising its investors that it will double their money every 3 years. What annual rate is Kant Miss promising? Is this...

Q:

1. (Future value) Sales of a new finance book were 20,000 copies this year and were expected to increase by 23 percent per year. What are expected sales during each of the next 3 years? Graph this...

Q:

(Related to Checkpoint 5.4) (Present value) What is the present value of $700 to be received 15 years from now discounted back to the present at 8 percent? Question content area bottom Part 1 The...

Q:

Question content area top Part 1 ( Related to Checkpoint 5 . 5 ) ( Solving for n ) How many years will it take for $ 4 8 0 to grow to $ 1 , 0 3 8 . 4 6 if it's invested at 6 percent compounded...

Q:

(a) If $10,000 is invested at 6%, compounded continuously, find an equation for the future value of the investment as a function of time t in years. (b) What is the future value of the investment...

Q:

Question content area top Part 1 You have an outstanding student loan with required payments of $550 per month for the next years. The interest rate on the loan is 9% APR (compounded monthly). Now...

Q:

1. Determine whether the underlined number is a statistic or a parameter. In a study of all 3161 employees at a college comma it is found that Modifying 50 % with underline own a television....

Q:

The Lindscomb family had the following income in 2006: Salaries Mark .........................$63,500 Ashley ......................... 57,900 Interest on investments IBM bonds ......................

Q:

The medicaldegree.com reported the medical doctors salary level. The mean salary for the doctor is $250,000 and standard deviation of $100,000. Find the following probabilities assuming that doctors...

Q:

ou run a healthcare clinic called Sunny Shores and have collected the following visit and cost data provided in the table below. Fill in the table by calculating the average costs and marginal costs....

Q:

5. 6. CR: Mark's scout troop has "Italian nights" meetings monthly, with checkered tablecloths, at which they serve spicy meatballs that do not agree with Mark's digestion at all. After this happened...