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Aenn88

  • 3 years ago

How long will it take an investment to double in value if the interest rate is 8% compounded continuously? What is the equivalent annual interest rate?

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  1. geoffb
    • 3 years ago
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    http://en.wikipedia.org/wiki/Compound_interest#Continuous_compounding

  2. mark_o.
    • 3 years ago
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    want the investment to double, 8% continously A=Pe^rt, where A=final amount,P=principal,r=rate,t=years 2P=Pe^rt, 2=e^rt, ln(2)=rt t=ln(2)/(8/100)=---?

  3. mark_o.
    • 3 years ago
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    @ Aenn88,let me know if you have question :D

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