SOLUTION: What interest rate is required for an investment subject to continuous compounding to triple in 15 years?

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Question 1029625: What interest rate is required for an investment subject to continuous compounding to triple in 15 years?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
What interest rate is required for an investment subject to continuous compounding to triple in 15 years?
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A(t) = Ao*e^(kt)
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3Ao = Ao*e^(15k)
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e^(15k) = 3
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15k = ln(3)
k = 0.0732
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Ans: A(t) = Ao*e(0.0732t)
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Cheers,
Stan H.
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