Determine the doubling time of the investment.
-5.86% APR compounded continuously
A) 17.74 years
B) 23.66 years
C) 9.46 years
D) 11.83 years

Name: Determine the doubling time of the investment. -5.86% APR compounded continuously A) 17.74 years B) 23.66 years C) 9.46 years D) 11.83 years
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Question

Quizplus · Accepted Answer

The doubling time for continuous compounding is calculated using the formula T = ln(2) / r, where r is the interest rate as a decimal. For 5.86%, r = 0.0586. Thus, T = ln(2) / 0.0586 ≈ 11.83 years.

Determine the Doubling Time of the Investment