what sum of money must be invested at 7.3% interest compounded continuously to yield $20,000 in 12 years
how long will it take for the investment to triple in value
first, the original investment is .
now, read the original question again ...
the equation should be ...what sum of money must be invested at 7.3% interest compounded continuously to yield $20,000 in 12 years
how long will it take for the investment to triple in value
once again, note that the value of P will cancel, leaving you with the equation
who knows?
the OP has been bouncing back and forth between sites to find a solution ...
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