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.)
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdd1e5fca-f434-46c8-ba02-71b0b7d9197e%2Fe2239ee3-bb81-41f3-8e2b-7dd344352077%2Fzqecyp_processed.jpeg&w=3840&q=75)
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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