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 = %.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
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=
%.
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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