How long will it take an investment of $4,000 to double if the investment earns interest at the rate of 7% compounded continuously? Round your answer to the nearest hundredth.
__________ year(s)
Correct Answer:
Verified
Q139: Find the accumulated amount A if the
Q140: Find the interest rate needed for an
Q141: Find the accumulated amount A if the
Q142: Find the nominal interest rate that, when
Q143: The Estradas are planning to buy a
Q145: Julio purchased 700 shares of a certain
Q146: Find the interest rate needed for an
Q147: Find the present value of $54,049 due
Q148: Bernie invested a sum of money 5
Q149: Find the accumulated amount after 6 year(s)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents