How long will it take money to triple if it is invested at 6% compounded monthly? 8.9% compounded continuously? It will take about years at 6% compounded monthly. (Round to two decimal places as needed.)

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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How long will it take money to triple if it is invested at 6% compounded monthly? 8.9% compounded continuously?
It will take about years at 6% compounded monthly.
(Round to two decimal places as needed.)
Clear all
Transcribed Image Text:How long will it take money to triple if it is invested at 6% compounded monthly? 8.9% compounded continuously? It will take about years at 6% compounded monthly. (Round to two decimal places as needed.) Clear all
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