megankate38 megankate38
  • 01-03-2017
  • Mathematics
contestada

How long does it take for an investment to double in value if it is invested 8% per annum compounded monthly? Compounded continuously? It's number 29.

How long does it take for an investment to double in value if it is invested 8 per annum compounded monthly Compounded continuously Its number 29 class=

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 01-03-2017
2p=p(1+0.08/12)^12t
T=[log(2)/log(1+0.08/12)]/12
T==8.7 years
Answer Link

Otras preguntas

Which political song promoted the Civil Rights Movement?
HELP! Will give Brainliest! Using dimensional analysis, convert 293 cm into m. (1 m= 100 cm)(and this is also a Chemistry Question)I get how to work out the oth
During which period did the most recent ice age occur
What is the threshold frequency ν0 of cesium?
The building blocks of rocks are minerals dried mud atoms molecules
Sperm begin in the________. A. Prepuce B. Seminiferous Tubules C. Glans Penis D. Seminal Vesicles
Which memory trick can be used to expand your vocabulary
In the united states, about _____ out of 10 television programs portray violence, usually glamorized, glorified, or trivialized.
What is Martinson's purpose in the article titled "Franklin Delano Roosevelt and the New Deal"?
What are the discontinuities of the function f(x) = the quantity of x squared plus 5 x plus 6, all over 2 x plus 16. ?