Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How long ( in years ) will it take a $ 3 0 0 investment to be worth $ 8 0 0 if it is

How long (in years) will it take a $300 investment to be worth $800 if it is continuously compounded at 10% per year? (Give the answer to two decimal places.)
Enter a number.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Income Distribution Volume 2B

Authors: Anthony B. Atkinson, Francois Bourguignon

1st Edition

0444594299, 978-0444594297

More Books

Students also viewed these Finance questions