An investment account pays 4.2% annual interest compounded continuously. If $2,500 is invested in this...

80.2K

Verified Solution

Question

Basic Math

image

An investment account pays 4.2% annual interest compounded continuously. If $2,500 is invested in this account, how long will it take for the money to double? Round your answer to the nearest tenth of a year.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students