Asked by Keonn'a Tarvin
A.How long will it take for 3,700 double if it is invested at 9% annual interest compounded 6 times a year.
B. Compounded continuously, it would only take blank years.
B. Compounded continuously, it would only take blank years.
Answers
Answered by
Steve
(1+.09/6)^(6t) = 2
e^.09t = 2
e^.09t = 2
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