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11 December, 21:11

How long will it take for an investment to double in value if it earns 10.5% compounded continuously?

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  1. 11 December, 22:18
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    Hi there

    The formula to double in value

    2=e^ (0.105*t)

    Solve for t

    T = (log (2) : log (e)) : 0.105

    T=6.6 years

    Good luck
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