How Long Will It Take an Investment of $4,000 to Double

question 145

Short Answer

How long will it take an investment of $4,000 to double if the investment earns interest at the rate of 7% compounded continuously? Round your answer to the nearest hundredth. __________ year(s)

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Definitions:

Morphogenesis

The process by which an organism develops its shape and structure.

Preprophase Band

A ring of microtubules and actin filaments that appears in plant cells during preprophase, indicating where the cell wall will form during cell division.

Chromosomes

Structures within living cells that contain the organism's genetic material (DNA) organized with proteins, crucial for DNA replication, repair, and expression.

Morphogenesis

The biological process that causes an organism to develop its shape.