The doubling time of an investment with continuous compound interest is 12.4 years. If the investment is worth $22,000 today, how much will it be now? It will be worth $ (Round to nearest cent.)
The doubling time of an investment with continuous compound interest is 12.4 years. If the investment is worth $22,000 today, how much will it be now? It will be worth $ (Round to nearest cent.)
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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![The doubling time of an investment with continuous compound interest is 12.4 years. If the investment is worth $22,000 today, how much will it be worth 5 years from
now?
It will be worth $
(Round to nearest cent.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fde5d4d46-af40-4c16-84c4-ba9aa25bc674%2F58db437b-0636-44b4-aa0f-12ff0cc09c89%2Fa63bbt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The doubling time of an investment with continuous compound interest is 12.4 years. If the investment is worth $22,000 today, how much will it be worth 5 years from
now?
It will be worth $
(Round to nearest cent.)
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