How long will it take for an investment to double, if interest is compounded continuously at 7%?

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asked Aug 2, 2024 152k views

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Aron Asztalos · Answer 1 · 2024-08-06T16:08:11+0000

Answer:

We don't know the initial value of the principal but we do know that the accumulated value is double (twice) the principal. It takes 9.9 years for money to double if invested at 7% continuous investment

How long will it take for an investment to double, if interest is compounded continuously at 7%?

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How long will it take for an investment to double, if interest is compounded continuously at 7%?