If $4,000 Is Invested at an Annual Rate of 8

question 30

Multiple Choice

If $4,000 is invested at an annual rate of 8% compounded continuously, the future value S at any time t (in years) is given by . How long does it take for the investment to double? Round your answer to one decimal place. ​

• A)8.7years
• B)6.9 years
• C)7.9 years
• D)10.2 years
• E)11.3 years

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