How long will it take to double your investment to 2000


You are given $1000 and would like to invest it in the stock market. Assume you can get an annual rate of return of 8% using continuously compounded interest (see equation 6.3 in your textbook). How long will it take to double your investment to $2000? Show work.

Solution Preview :

Prepared by a verified Expert
Physics: How long will it take to double your investment to 2000
Reference No:- TGS02703602

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)