SOLUTION: Find the time required for a $7000 investment to double at interest rate r = 0.075, compounded continuously. (Round to 2 decimal places.)

Question 628985: Find the time required for a $7000 investment to double at interest rate r = 0.075, compounded continuously. (Round to 2 decimal places.)

Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Find the time required for a $7000 investment to double at interest rate r = 0.075, compounded continuously. (Round to 2 decimal places.)
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0.075t = ln(2)
t = ln(2)/0.075
t =~ 9.24 periods
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