Solve the Problem

question 216

Multiple Choice

Solve the problem. Round your answer to three decimals.
-How long will it take for an investment to triple in value if it earns 8.5% compounded continuously?

• A) 12.925 years
• B) 8.155 years
• C) 6.462 years
• D) 13.797 years

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Definitions:

Psychodynamic Therapies

A group of treatments focusing on unconscious processes as they manifest in a person's present behavior, emphasizing the importance of early life experiences.

Internal Conflicts

Psychological struggles within the mind of a person, often arising from opposing desires or needs.

Behavior Therapists

Professionals who specialize in applying clinical and experimental psychological principles to modify problematic behaviors.

Maladaptive Behaviors

Actions or tendencies that are counterproductive to an individual's wellbeing or to achieving desired outcomes.