Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How long will it take money to quadruple if it is invested at 7% compounded daily? 8.9% compounded continuously? It will take about ____ ??years

How long will it take money to quadruple if it is invested at 7% compounded daily? 8.9% compounded continuously?

It will take about ____ ??years at 7% compounded daily.

(Round to two decimal places as needed.)

It will take about _____? years at 8.9% compounded continuously.

(Round to two decimal places as needed.)

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

Step: 3

blur-text-image

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

Time Series Analysis

Authors: Wilfredo Palma

1st Edition

1118634233, 9781118634233

More Books

Students also viewed these Mathematics questions