[All Steps] Suppose we have an investment of $10,000 that is earning 11.5% interest compounded continuously. How long would it take to double the initial


Question: Suppose we have an investment of $10,000 that is earning 11.5% interest compounded continuously.

  1. How long would it take to double the initial investment?
  2. How long would it take to triple the. initial investment?
  3. What would he. the answers to parts (a) and (b) if you 1: initial investment were $20,000?

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