Mathematics, 18.03.2021 03:00, ReaLily

Determine how long it will take for a principal amount of $13,000 to double its initial value when deposited into an account paying interest at a rate of 21.4 percent, continuously compounded. A.
3.24 years
B.
5.32 years
C.
8.02 years
D.
10.78 years

Answers: 1

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Determine how long it will take for a principal amount of $13,000 to double its initial value when d...