SOLUTION: how long will it take for $1000 to be worth $2500 at 8% interest, compounded continuously?
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Question 926944: how long will it take for $1000 to be worth $2500 at 8% interest, compounded continuously?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
how long will it take for $1000 to be worth $2500 at 8% interest, compounded continuously?
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ln(2.5) = 0.08t
t = ln(2.5)/0.08 --- t in years (I assume)
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