asked 61.0k views
4 votes
Michael found a stock fund he wanted to purchase. He can make an initial investment of $10,000. The fund has a continuous compounding rate of 7%. Michael uses the equation 20000 = 10000e^0.07t 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?

asked
User Lowndrul
by
7.7k points

1 Answer

3 votes

why in hell is there so many numberssss?????

answered
User Sevenless
by
8.2k points
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