mandascheppler mandascheppler

17-01-2024
Mathematics

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what annual interest rate is required to double an investment of $1000 in three years compounded continuously

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kzach8643 kzach8643

17-01-2024

Answer:

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Step-by-step explanation:

the annual interest rate required to double an investment of $1000 in three years compounded continuously is approximately 0.97%.

Please note that this is an approximation and the actual interest rate may differ based on the compounding frequency and other factors.

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