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30 August, 16:31

How long will it take for an investment of $3000 to double in value if the interest rate is 7.5% per year, compounded continuously? (Round your answer to two decimal places.) ... ?

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  1. 30 August, 16:43
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    A = $6000 P = $3000, r = 7.5%, t = ? years

    t = log (A/P) / r

    t = 9.24 years
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