Mathematics, 23.11.2019 23:31, kony345p
Determine the time necessary for p dollars to double when it is invested at interest rate r compounded annually, monthly, daily, and continuously. (round your answers to two decimal places.)
r=14%
Answers: 3
![log(2)=log[(1.14)^{t}]](/tpl/images/0388/3285/fb091.png)
![log(2)=log[(\frac{12.14}{12})^{12t}]](/tpl/images/0388/3285/6fc7e.png)
![log(2)=log[(\frac{365.14}{365})^{365t}]](/tpl/images/0388/3285/87c13.png)
![ln(2)=ln[(e)^{0.14t}]](/tpl/images/0388/3285/064d3.png)
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