Question
JJ invested USD12,000 in an account that gives an annual rate of return of 8% with continuous compounding. Calculate the time that it will
JJ invested USD12,000 in an account that gives an annual rate of return of 8% with continuous compounding. Calculate the time that it will take the initial deposit to triple itself. The result need not be integer.
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
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