How long will it take for an investment of $1000 to double in value if...

90.2K

Verified Solution

Question

Basic Math

image

How long will it take for an investment of $1000 to double in value if the interest rate is 8.5% per year, compounded continuously? (Round your answer to two decimal places.)yr

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