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OpenStudy (anonymous):
how long does it take for an investment of 100,000 to double in value if it is invested at 8% interest compounded continuously?
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OpenStudy (mertsj):
200000=100000e^.08t
OpenStudy (mertsj):
\[2=e ^{.08t}\]
OpenStudy (mertsj):
\[\ln 2=.08t\]
OpenStudy (mertsj):
\[t=8.66 years\]
OpenStudy (anonymous):
thanks
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