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= 1 = 2 = 3 = 4 =5 = 6 8 9 10 nt Use the model A = Pe or A=P( 1+ n

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= 1 = 2 = 3 = 4 =5 = 6 8 9 10 nt Use the model A = Pe" or A=P( 1+ n , where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. $18,000 is invested at 5% interest compounded monthly. How long will it take for the investment to double? Round to the nearest tenth of a year

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