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

question 169

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:

Employees' Attitudes

The overall feelings, beliefs, and behaviors that employees exhibit towards their job, work environment, and organization.

Hackman-Oldham's Model

Hackman-Oldham's Model is a theory of job design that emphasizes the importance of certain job characteristics in enhancing employee motivation and satisfaction.

Skill Variety

The opportunity and ability to use numerous different skills in one’s position at work.

Task Identity

The worker's perception of the meaningfulness of a job, often based upon the worker’s permission to start a job and see it through to completion.