The doubling time of an investment with continuous compound interest is 12.3 years. If the investment is worth $22,000 today, how much will it be worth 7 years from now? It will be worth $ (Round to nearest cent.)
The doubling time of an investment with continuous compound interest is 12.3 years. If the investment is worth $22,000 today, how much will it be worth 7 years from 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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Transcribed Image Text:The doubling time of an investment with continuous compound interest is 12.3 years. If the investment is worth $22,000 today, how much will it be worth 7 years from
now?
It will be worth $
(Round to nearest cent.)
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