dinkneshevans dinkneshevans
  • 18-10-2018
  • Mathematics
contestada

How many years will it take for an initial investment of $20000 to grow to $50000? Assume a rate of interest of 17% compounded continuously

Respuesta :

wolf1728
wolf1728 wolf1728
  • 21-10-2018

Answer:

Years = natural log (total / principal) / rate

Years = natural log (50,000 / 20,000) / .17

Years = natural log (2.5) / .17

Years = (0.9162907319) / .17

Years = 5.3899454818 =

Years = 5.4 (rounded)

Source: https://www.1728.org/rate2.htm




Step-by-step explanation:


Answer Link

Otras preguntas

what is the answer for 1/7(1,000)
how would you place the following in order,from smallest to largest? .572 ,4/7 ,.562,287/499,.5719
What is adolf hitler most famous for
What are some big ideas or topics in Romeo and Juliet
is an anole a primary consumer,secondary or third level consumer
how do nuclear power plnts generate the heat energy to turn water into steam?
why does the spinning earth not eject us all into space
Speciation is the formation of new species as result of evolution by natural selection. What effect could separation of populations have on speciation? A) on
How streamlining can reduce the affext of the forces
How to find length of the flower bed, divide the area by the width