Problema Solution
what is the interest rate necessary for and investment to quadruple after 17 years of continuous compound intrest
Answer provided by our tutors
2 = e^(17r)
Ln2 / 17 = r
R = 4.08%
what is the interest rate necessary for and investment to quadruple after 17 years of continuous compound intrest
2 = e^(17r)
Ln2 / 17 = r
R = 4.08%