Question: SColAlg 8 4 . 5 . 0 9 1 . How long ( in years ) will it take for an investment of $ 3

SColAlg84.5.091.
How long (in years) will it take for an investment of $3,000 to double in value if the interest rate is 7.5% per year, compounded continuously? (Round your answer to two decimal places.)
yr

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 Accounting Questions!

Q:

***I have posted this question now six times. Each time I am told I need more information, I add something and no one returns to answer. Yesterday I posted everything and no one has responded; which...

Q:

***I have posted this question now five times. Each time I am told I need more information so I add something and no one returns back to answer; which means I have now wasted five questions. Can...

Q:

Paul is a fine arts graduate, who has several years' experience working on games graphics. Recently he has been made redundant, mainly due to the financial difficulty facing his company in the...

Q:

I have had a tutor help me with this accounting cycle problem, but its done differently than the way we learned it. This is from chapters 1-5 in College Accounting 13th edition. If I can have someone...

Q:

I have had a tutor help me with this accounting cycle problem, but its done differently than the way we learned it. This is from chapters 1-5 in College Accounting 13th edition. If I can have someone...

Q:

Florida Institute of Technology Instructions: Read the questions very carefully because the requirements for each are specific. Each group should turn in one copy of this WORD document (email to me)...

Q:

Balance Sheet : TABLE 1 2 0 2 2 2 0 2 1 Assets Current assets Cash $ 4 7 6 . 2 5 0 $ 6 0 3 , 2 5 0 Accounts receivable $ 1 , 3 4 9 , 3 7 5 $ 9 5 2 , 5 0 0 Allowance for bad debts ( $ 1 5 8 . 7 5 0 )...

Q:

The case The financial pathway to green manifests itself as a dichotomous and mutually-exclusive choice between a hybrid car which entails fossil fuel directly and an all-electric car which doesn't....

Q:

Answer each question individually all parts need to be answered for each question. Homework: Chapter 8 Homework Save Score: 0 of 1 pt 6 of 9 (1 complete) HW Score: 11.11%, 1 of 9 pts P8-21 (similar...

Q:

Instead of posting each practice problem separately, trying this route. Finance practice problems, Focuses on FV, PV, NP, etc. A prestigious investment bank designed a new security that pays a...

Q:

It is estimated that 20% of the members of a health club have high blood pressure. 150 members of a club are randomly selected.

Q:

python code please 3. It's easy to use exponents in Python using the ** operator. For this problem, you will write your own exponent function called pow(base, ex) that returns the value of base...

Q:

To gain an understanding of the client s system for a SOC 1 engagement, the service auditor can do all the following except Perform a walkthrough. Make inquiries to management. Obtain SOC...

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...