Question: Use logarithms to solve the problem. 1)Find the interest rate needed for an investment of $5900 to double in 7 years if interest is compounded

Use logarithms to solve the problem.

1)Find the interest rate needed for an investment of $5900 to double in 7 years if interest is compounded continuously. 2) How long will it take an investment of $4000 to triple if the investment earns interest at the rate of 4%/year compounded daily? (Round your answer to two decimal places.)

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