Question:

If $9500 is invested at 11.7% compounded continuously, the

Last updated: 7/10/2022

If $9500 is invested at 11.7% compounded continuously, the

If $9500 is invested at 11.7% compounded continuously, the future value S at any time t (in years) is given by the following formula. (Round your answers to two decimal places.) S = 9500e^0.117t (a) What is the amount after 18 months? (b) How long before the investment doubles?