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Mathematics, 30.05.2020 07:00 madbiebzz

Michael found a stock fund he wanted to purchase. He can make an initial investment of $10,000. The fund
0.07t
has a continuous compounding rate of 7%. Michael uses the equation 20000 = 10000e
to determine how
long he will need to plan to invest for his money to double in value. How long will Michael’s investment need
to be?

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Answers: 2

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