How Long Is Required for an Investment of $2000 to Double

question 66

Short Answer

How long is required for an investment of $2000 to double if the interest is 10% compounded continuously? Enter your answer in years to one decimal place $\text { (no units) }$

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Definitions:

Abandoned

Refers to property that has been left by its owner without any intention to reclaim or use it again.

Knock-Out Rule

A principle in contract law that resolves conflicts in standard form contracts (often in international trade) by nullifying conflicting terms and substituting them with terms of a neutral nature.

Gap-Filling

Refers to the method used by courts or parties to resolve ambiguities or omissions in contracts, often by applying standard provisions or reasonable interpretations.

Presumptions

Beliefs or assumptions accepted as true on the basis of probabilities without direct evidence or proof.