Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. how many years will it take for an initial investm

How many years will it take for an initial investment of $60,000 to grow to...

60.1K

Verified Solution

Question

Basic Math

image

How many years will it take for an initial investment of $60,000 to grow to $90,000? Assume a rate of interest of 18% compounded continuouslyIt will take about years for the investment to grow to $90,000.

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

An electron of kinetic energy 100 eV collides with a stationary helium ion He in...

Physics
Q

A spacecraft of mass m=520 kg stationary with respect to the South Pole of the Earth...

Physics
Q

Q3. In thrift banks in USA, the structure of income has been changed because the intermediation...

Accounting
Q

Which of the following are xenobiotics Mark all that apply Oil and petroleum products Dyes...

Biology
Q

1 For the linear function g x 7x 2 which of the following is true...

Algebra
Q

An audit of the balance in the accounts payable account...

Accounting
Q

Gordons Grocers purchases bread from Buddys Bread Company at $1.45 per loaf. Gordons recently engaged...

Accounting
Q

Accounting
Q

which of the following transactions require confirmation? Select one: a. fixed asset additions b. accounts...

Accounting
Q

Intracompany standards for financial statement analysis Multiple Choice Are set by the company's...

Accounting
Q

2 Cash Budget June 30,2023 Cash balance, June 1 (from Balance Sheet) Add receipts: Collections...

Accounting
Q

D Question 1 4 pts Watsonville Co. is considering a project that will produce cash...

Finance