SOLUTION: suppose you deposit money in an investment account that pays 7% annual interest compounded continuously. about how many years will it take for your initial deposit to double?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: suppose you deposit money in an investment account that pays 7% annual interest compounded continuously. about how many years will it take for your initial deposit to double?       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 609531: suppose you deposit money in an investment account that pays 7% annual interest compounded continuously. about how many years will it take for your initial deposit to double?
Answer by scott8148(6628) About Me  (Show Source):
You can put this solution on YOUR website!
2 = e^(.07t)