(a) How long will it take an investment to double in value of the Interest rate...
How long will it take an investment of $5900 to double if the investment earns interest at the rate of 6% compounded continuously? Please round your answer to two decimal places. 9.80 yr 11.55 yr 13.86 yr 13.14 yr 9.90 yr
A. B. How many years are required for an investment to double in value if it is appreciating at the rate of 8% compounded continuously? At 8% compounded continuously, the investment doubles in (Round to one decimal place as needed.) years. At what nominal rate compounded continuously must money be invested to double in 6 years? A rate of | % is required for money to double in 6 years. (Do not round until the final answer. Then round to...
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 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 many years are required for an investment to double in value if it is appreciating at the rate of 9% compounded continuously? At 9% compounded continuously, the investment doubles in Round to one decimal place as needed.) years.
How long does it take for an investment to double in value if it is invested at 10% compounded quarterly? Compounded continuously?
How long will it take for a lump-sum investment to triple in value at an interest rate of 1.5% per six-months, compounded continuously? For the lump sum investment to triple in value at an interest rate of 1.5% per sx months compounded continuously, twill take time periods
8.6.50 How long will it take for an investment to triple, if interest is compounded continuously at 7%? It will take years before the investment triples. (Round to the nearest tenth of a year.)
[5 pts] How long will it take for an investment to double in value if it earns 10% compounded monthly? Round to 2 decimals.
At a growth (interest) rate of 7 percent annually, how long will it take for a sum to double? To triple? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Time needed to double years Time needed to triple years