How long will it take an investment of $5900 to double if the investment earns interest...
Investment A offers a l 1% return compounded semiannually, and investment B offers a 10.87% return compounded continuously. Which investment has a higher rate of return over a 4-yr period? a. Investment A b. Investment B How long will it take an investment of $5900 to double if the investment earns interest at the rate of 8% compounded continuously? Please round your answer to two decimal places. a. 8.66 yr b. 9.90 yr c. 7.70 yr d. 7.35 yr 9.86...
(a) How long will it take an investment to double in value of the Interest rate is 6% compounded continuously? (Round your answer to one decimal place.) 11.6 years (b) What if the interest is compounded annually? (Round your answer to one decimal place.) x years
How long will it take for an investment of $2000 to double in value if the interest rate is 8.5% per year, compounded continuously? (Round your answer to two decimal places.) yr (b) A 15-g sample of radioactive iodine decays in such a way that the mass remaining after t days is given by m(t) = 15e−0.077t, where m(t) is measured in grams. After how many days is there only 1 g remaining? (Round your answer to the nearest whole...
How long does it take for an investment to double in value if it is invested at 6% compounded quarterly? Compounded continuously? At 6% compounded quarterly, the investment doubles in about (Round to two decimal places as needed.) years.
How long does it take to double an investment of $20680 if the investment pays only simple interest at the rate of 10% per year? Enter your answer as: 1.23 Round your answer to 2 decimal places (Canvas will add 2 extra decimal places, but ignore those
If an investment earns an APR of r, as a decimal, compounded annually, then the time D, in years, required for the investment to double in value is given by D = log(2) log(1 + r) . (a) Find the doubling time (in years) for an investment subject to an APR of 6% if interest is compounded annually. (Round your answer to two decimal places.) yr
44. 31. How long will it take $5000 to grow to $6500 if the investment earns interest at the rate of 6%/year com- pounded monthly? 32. How long will it take $12,000 to grow to $15,000 if the 45 investment earns interest at the rate of 4%/year com- pounded monthly? 33. How long will it take an investment of $2000 to double if 46 the investment earns interest at the rate of 5%/year com- pounded monthly? We were unable to...
How long will it take for an investment to triple if it is compounded continuously at 9%? It will take about years to triple the investment (Round to two decimal places as needed.)
How long will it take for an investment to triple if it is compounded continuously at 4%? It will take about years to triple the Investment. (Round to two decimal places as needed.)
[5 pts] How long will it take for an investment to double in value if it earns 10% compounded monthly? Round to 2 decimals.