How long will it take for the investment to double

Asked by admin @ 22/11/2021 in Mathematics viewed by 321 People

How long will it take for an investment of $3000 to double in value if the interest rate is 7.5% per year, compounded continuously? (Round your answer to two decimal places.) ...?

Answered by admin @ 22/11/2021

A = $6000 P =$3000, r = 7.5% , t = ? years

t = log(A/P) / r

t = 9.24 years

One common advantage of a long-term investment is

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higher return. lower risk. higher liquidity. lower liquidity.

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Asked by admin @ 22/11/2021 in Physics viewed by 344 persons

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The distance light travels in one year is known as a light-year. A light-year is equal to 5.87 × 1012 miles. The closest Earth ever gets to Jupiter is 3.65 …

How long does it take to walk around the world

Asked by admin @ 05/11/2021 in Mathematics viewed by 342 persons

Estimate how many days it would take to walk around the world, assuming 12 h walking per day at 4 km/h. assume that the oceans are crossed in the same …