At what nominal rate compounded continuously must money be invested to double in 6 years? A rate of % is required for money to double in 6 years. (Do not round until the final answer. Then round to the nearest tenth.)
At what nominal rate compounded continuously must money be invested to double in 6 years? A rate of % is required for money to double in 6 years. (Do not round until the final answer. Then round to the nearest tenth.)
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 10E
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