How Long Will It Take For An Investment To Triple If It Is Compounded Continuously At 12
How Long Will It Take For An Investment To Triple If It Is Compounded Continuously At 12. Find and interpret the associated decay rate. For example, an investment growing at 7.2% a year would double in 10 years.
It will take 7.85 years for the investment to triple. (round to the nearest tenth of a year.) How long will it take for an investment to triple if it is compounded continuously at 12%?
P = The Principal (The Investment) T = The Time In Years.
(b) what is the equivalent annual interest rate? Take the natural log of both sides: P is the initial amount.
The Future Value, , Of A Present Value, , Invested At Percent Interest For Years Compounded Continuously Is Given By:
Calculating the limit of this formula as n approaches infinity (per the definition of continuous compounding) results in the formula for continuously compounded interest: How long will it take for an investment to triple if it is compounded continuously at 14%? To the nearest year, it will it take 18 years for an investment to triple, if it is continuously compounded at 6% per year.
Number Years To Triple Money.
R = 0.14 or 14% the annual interest rate. It will take about yoars to triple the investment (round to two decimal places as needed.) Answer provided by our tutors let.
It Will Take 7.85 Years For The Investment To Triple.
(a) how long will it take an investment to double in value if the interest rate is 6% compounded continuously? My investment in ohaganbooks.com stocks is losing half its value every 2 years. At 8% growth, it would take 9 years to double your investment.
Simply Divide 72 By The Presumed Growth Rate To Get A Rough Idea On How Long It Will Take For Your Money To Double.
How long will it take for an investment to triple if it is compounded continuously at 12%? This is done continuously rather than annually, monthly or quarterly. How long does it take for an investment to double in value if it is invested at 4% compounded quarterly compounded continuously?
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