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20 December, 18:54

Continuous compunding - initial investment=$12,500 APR=9% find the time to double and amount in 15 years

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  1. 20 December, 19:00
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    2p=pe^rt

    2=e^0.09t

    Log (2) / log (e) = 0.09t

    T=7.70 years
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