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

Read the following sentence. The teacher nags students to turn in their homework. Which word could be substituted for “nags,” if the speaker wanted to express a
Which professional helps individuals and families minimize risk?
a society can be Categorised into different types based on various modes of life name them​
PLEASE help me with this question ASAP!!!!
ACold Inc. Is a frozen-food distributor with 10 warehouses across the country. Ivan Tory, one of the warehouse managers, wants to make sure that the inventory p
How did the Iron Curtain Speech" symbolize the United States "cold" relations with Soviet Union?
j/2 +7=-12 solve for j
Brenda has three times more quarters than Lisa has. Brenda gives 20% of her quarters to Lisa, but she still has $1 more. How many quarters does Lisa have in the
What the correct answer now
Please answer this question only if you know correct answer please