How Long Will It Take $1000 to Double If It

question 245

Short Answer

How long will it take $1000 to double if it is invested at an annual rate of 6% compounded continuously?
Please round the answer to one decimal place. __________ yr

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Definitions:

Rose Bush

A flowering plant of the genus Rosa, characterized by its woody stems, thorny branches, and colorful, fragrant blooms.

False Imprisonment

An unlawful act of restraining a person's freedom of movement without legal authority.

Complete Restraint

An absolute limitation or prohibition, often referring to contractual clauses that prevent a party from engaging in certain activities without exceptions.

Nuisance

An act or condition that substantially interferes with the use and enjoyment of land, or is offensive or dangerous to the public.