Mark M. answered • 12/14/20

Mathematics Teacher - NCLB Highly Qualified

2 = (1 + 0.1855/12)^{12t}

2 = ( 1+ 0.023/53)^{52t}

2 = e^{0.072t}

Can you solve for t and answer?

Brekelle C.

asked • 12/14/20You have received a large inheritance your goal is to double it. How long will it have to remain on each of the following investments to reach your goal

a) compounded monthly at an APR of 18.55%

b) compounded weekly at an APR of 8.23%

c) compounded continuously at an APR of 7.21%

More

Mark M. answered • 12/14/20

Tutor

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(243)
Mathematics Teacher - NCLB Highly Qualified

2 = (1 + 0.1855/12)^{12t}

2 = ( 1+ 0.023/53)^{52t}

2 = e^{0.072t}

Can you solve for t and answer?

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Brekelle C.

Yes thank you!12/14/20