megankate38 megankate38
  • 01-03-2017
  • Mathematics
contestada

How long does it take for an investment to double in value if it is invested 8% per annum compounded monthly? Compounded continuously? It's number 29.

How long does it take for an investment to double in value if it is invested 8 per annum compounded monthly Compounded continuously Its number 29 class=

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 01-03-2017
2p=p(1+0.08/12)^12t
T=[log(2)/log(1+0.08/12)]/12
T==8.7 years
Answer Link

Otras preguntas

emergence of Gandhi????? friends​
How much energy is absorbed when 70g of water is heated from 21°C to 68°C?
Economic imperialism is a behavior in which powerful countries OA. enforce strict laws that weaken rival countries' economies B. exploit natural resources and c
Solve for x: −12x−2=−7x−17
297/1000 in simplest form​
The radius of a circle is 6 kilometers. What is the circle's circumference? r=6 km Usе л3.14 and round your answer to the nearest hundredth. kilometers
I became her target answers
Discuss Courtship Behaviour in Toad
Which political party generally believes that it is the people's own responsibility to ensure their well-being?
A sample of an unknown compound is vaporized at 120 C . The gas produced has a volume of 1900. mL at a pressure of 1.00 atm , and it weighs 2.00 g . Assuming th