An investor makes a deposit today and earns an average continuous return (force of interest) of 6.5% over the next 4 years. What average continuous returnmust be earned over the subsequent 6 years in order to double the investment at the end of ten years? Answer = %.
An investor makes a deposit today and earns an average continuous return (force of interest) of 6.5% over the next 4 years. What average continuous returnmust be earned over the subsequent 6 years in order to double the investment at the end of ten years? Answer = %.
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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!['An investor makes a deposit today and earns an average continuous return (force of interest) of 6.5% over the next 4
years. What average continuous returnmust be earned over the subsequent 6 years in order to double the investment at the end of ten years?
Answer=
%.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2c1f8d7e-a2ac-4150-9642-cc71237cd78e%2F097c43f4-2c43-4653-bb8a-533aa736e33b%2F9cixpf_processed.png&w=3840&q=75)
Transcribed Image Text:'An investor makes a deposit today and earns an average continuous return (force of interest) of 6.5% over the next 4
years. What average continuous returnmust be earned over the subsequent 6 years in order to double the investment at the end of ten years?
Answer=
%.
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