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Determine the interest rater needed for an investment to triple in value in 6 years if interest is compounded continuous
Posted: Wed Jul 06, 2022 11:54 am
by answerhappygod
- Determine The Interest Rater Needed For An Investment To Triple In Value In 6 Years If Interest Is Compounded Continuous 1 (22.73 KiB) Viewed 12 times
Determine the interest rater needed for an investment to triple in value in 6 years if interest is compounded continuously Exact interest rate (without using a calculator), r= Interest rate, as a percent, rounded to 2 decimal places 6. [-/1 Points] DETAILS Length of time, rounded to 2 decimal places= x Math 110 Course Resources Compound Interest Course Packet on solving for an unknown length of time with discrete compounding of interest How long will it take for $4,000 to grow to $8,000 if the investment earns an interest rate of 10% per year compounded semiannually (t.e., 2 times a year). Exact length of time (without using a calculator), t= years X% years