document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=408870>Question 408870</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If you desire your investment to double in five years, what rate of interest compounded continuously should i seek? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #287939 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=287939\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If you desire your investment to double in five years, what rate of interest compounded continuously should i seek?<BR>\n" );
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document.write( "Solve (1+x)^5 = 2 where x is the annual rate<BR>\n" );
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document.write( "1+x = 2^(1/5)<BR>\n" );
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document.write( "1+x = 1.1487..<BR>\n" );
document.write( "x = 0.1487...<BR>\n" );
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document.write( "The rate of interest must be at least 14.87%<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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