How Long Does It Take For An Investment Earning Interest At A Rate Of 20 Compounded Continuously To Double In Value Ex 1 (20.6 KiB) Viewed 14 times
How Long Does It Take For An Investment Earning Interest At A Rate Of 20 Compounded Continuously To Double In Value Ex 2 (20.6 KiB) Viewed 14 times
How long does it take for an investment earning interest at a rate of 20% compounded continuously to double in value? Exact length of time (without using a calculator), t Length of time, rounded to 2 decimal places 2. [-/1 Points] DETAILS years years Math 110 Course Resources Compound Interest Course Packet on finding a continuous interest rate Interest rate, as a percent, rounded to 2 decimal places MY NOTES You have $15,000 in the bank comfortably earning 4% interest compounded semiannually. Your cousin needs $15,000 to buy a new car. In order to get the same total return, what interest rater should you request from him if the money you lend him is to be compounded continuously? Exact interest rate (without using a calculator), r
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