Determine the Doubling Time of the Investment

question 151

Multiple Choice

Determine the doubling time of the investment.
-5.86% APR compounded continuously

• A) 17.74 years
• B) 23.66 years
• C) 9.46 years
• D) 11.83 years

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Definitions:

Five-figure Accuracy

A level of precision in numerical or quantitative information that includes five significant digits.

Terminating Decimal

A decimal number that ends or has a finite number of digits after the decimal point.

Decimal Equivalent

The decimal form of a fraction, representing the same value as the fraction but in decimal notation.

Percent Equivalent

The percentage representation of a fraction or decimal, used to compare rates, efficiencies, or proportions across different contexts.