Question 1182421: How many years will it take for an initial investment of $40,000 to grow to $60,000. Assume a rate of interest of 15% compounded continuously.
How many years would it take for the investment to grow to $60,000?
Answer by ikleyn(52781)   (Show Source):
You can put this solution on YOUR website! .
I see several your post requesting making same type simple calculations.
Why don't you make this calculation on your own, having the formula.
You can read and learn EVERYTHING you need to know from the lesson
- Problems on continuously compounded accounts
in this site.
You will find there many similar solved problems - your TEMPLATES.
After reading this lesson, you will tackle such problems on your own without asking for help from outside.
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Also REMEMBER: it is YOU who needs these exercises - not we, the tutors.
Our goal at this forum is to teach you and to point you a way, but not to make your job.
If you have any question/questions, then let me know.
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