Math 1043 College Algebra FA2021 (JP Homework: Homework 6.7 Question 7,6.7.35- Part 1 of 2 How long does it take for an investment to double in value if it is invested at 5% compounded monthly? Compounded continuously? At 5% compounded monthly, the investment doubles in about (Round to two decimal places as needed.) years. II

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.3: Using Data Displays
Problem 2C
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Math 1043 College Algebra FA2021 (JPost)
Question 7, 6.7.35-
Homework: Homework 6.7
Part 1 of 2
How long does it take for an investment to double in value if it is invested at 5% compounded monthly? Compounded continuously?
At 5% compounded monthly, the investment doubles in about years.
(Round to two decimal places as needed.)
Transcribed Image Text:B. Public Service Annoi P Take a Test - Exodus K X P Do Homework - Home x W Document2.docx O Hand-washing: Do's a x G how you can A mathxl.com/Student/PlayerHomework.aspx?homeworkld%3D615251416&questionid%3D2&flushed%3Dtrue&cld=6642805&back=https://www.mathxl.com Math 1043 College Algebra FA2021 (JPost) Question 7, 6.7.35- Homework: Homework 6.7 Part 1 of 2 How long does it take for an investment to double in value if it is invested at 5% compounded monthly? Compounded continuously? At 5% compounded monthly, the investment doubles in about years. (Round to two decimal places as needed.)
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