document.write( "Question 194020: You invest $1,000 at an annual rate of 6.75% compounded continuously.How long will it take for the value of the investment to double? \n" ); document.write( "
Algebra.Com's Answer #145644 by RAY100(1637)\"\" \"About 
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formula for continuously compounding is ,,,A = Pe^rt
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\n" ); document.write( "2000 = 1000 e^(.0675*t)
\n" ); document.write( "ln of both sides
\n" ); document.write( "ln2=.0675 *t,,,,,,,,,,,,,,,,,,,,,,,, lne^.0675t=.0675t
\n" ); document.write( "ln2 / .0675 = t
\n" ); document.write( "10.26 = t ,,,,,,,in yrs
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\n" ); document.write( "2000 =1000 e^(.0675*10.26)=1000 * 2 = 2000,,,,,,ok
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