Solved: Suppose that a sum S0 is invested at an annual rate of return r compounded
Chapter 2, Problem 7(choose chapter or problem)
Suppose that a sum S0 is invested at an annual rate of return r compounded continuously. (a) Find the time T required for the original sum to double in value as a function of r. (b) Determine T if r = 7%. (c) Find the return rate that must be achieved if the initial investment is to double in 8 years.
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