Question:

Find the amount of time required for a $ 21,000 investment

Last updated: 7/4/2022

Find the amount of time required for a $ 21,000 investment

Find the amount of time required for a $ 21,000 investment to double if the annual interest rate r is 9.2% and interest is compounded continuously. Round your answer to the nearest hundredth of a year. A 115.71 years B 1.08 years C 7.53 years D 108.18 years