Answered: The doubling time of an investment with…

The doubling time of an investment with continuous compound interest is 12.4 years. If the investment is worth $22,000 today, how much will it be worth 7 years from now?

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...

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The doubling time of an investment with continuous compound interest is 12.4 years. If the investment is worth $22,000 today, how much will it be worth 7 years from now?

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