q8

How many years are required for an investment to double in value if it is appreciating at the rate of 15% compounded continuously? At 15% compounded continuously: the investment doubles in D years. (Round to one decimal place as needed.) At what nominal rate compounded continuously must money be invested to triple in 2 years? A rate of |:|% is required for money to triple in 2 years. (Do not round until the nal answer. Then round to the nearest tenth.) A man with $30000 to invest decides to diversify his investments by placing $15,000 in an account that earns 6.2% compounded continuously and $15,000 in an account that eams 14% compounded annually. Use graphical approximation methods to determine how long it will take for his total investment in the two accounts to grow to $45,000. It will take approximately years for his total investment in the two accounts to grow to $45,000. (Type an integer or decimal rounded to one decimal place as needed .) Recently: a certain bank offered a 5year CD that eams 2.46% compounded continuously. Use the given information to answer the questions. (a) If $10,000 is invested in this CD, holrur much will it be worth in 5 years? approximately 95 11308.84 (Round to the nearest cent.) (b) How long will it take for the account to be worth $35000? approximately |:| years (Round to two decimal places as needed.)