document.write( "Question 979105: how many years will it take for an initial investment of 10000 to grow 25000 at 6% interest compound continuously \n" ); document.write( "
Algebra.Com's Answer #600418 by Alan3354(69443)![]() ![]() You can put this solution on YOUR website! how many years will it take for an initial investment of 10000 to grow 25000 at 6% interest compound continuously \n" ); document.write( "------------- \n" ); document.write( "FV = PV*e^(rt) \n" ); document.write( "25000 = 10000*e^(0.06t) \n" ); document.write( "e^(0.06t) = 2.5 \n" ); document.write( "0.06t = ln(2.5) \n" ); document.write( "t = ln(2.5)/0.06 years \n" ); document.write( "t =~ 15.27 years \n" ); document.write( " |