SOLUTION: Investments: i would like my investment to double in value every 3 years. at what rate of interest would i need to invest it, assuming the interest is compounded continuously?

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Question 796797: Investments: i would like my investment to double in value every 3 years. at what rate of interest would i need to invest it, assuming the interest is compounded continuously?
Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!




Doubling the investment means that , so if the period of performance is 3 years:



Solve for . You should get just a little north of 23%. Good luck finding that rate of return.

John

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