How long does it take for an investment to double in value if it is invested at 16% compounded monthly question mark Compounded continuously?
MONTHLY:
----- Converting to LOGARITHMIC form
She's WRONG, AGAIN!!
The RULE of 72 ALSO demonstrates that it should be about 4.5 years!
CONTINUOUSLY:
----- Converting to LOGARITHMIC (Natural) form
There it is!!! THAT'S ALL!!
These people are writing complex "NOVELS," and still end up with a WRONG answer. Don't they know anything about mathematics? Most likely NOT!
How can doubling take over 34.6 years, compounded MONTHLY - according to someone who doesn't seem to have a clue - but takes 4.33 years when compounded continuously?