SOLUTION: Investments: i would like my investment to double in value every 3 years. at what rate of interest would i need to invest it, assuming the interest is compounded continuously?
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Question 796797: Investments: i would like my investment to double in value every 3 years. at what rate of interest would i need to invest it, assuming the interest is compounded continuously?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Doubling the investment means that 
, so if the period of performance is 3 years:
Solve for 
. You should get just a little north of 23%. Good luck finding that rate of return.
John
Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
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