suppose an investment has approximately a continuous growth rate of 9.3%. Calcul

Question

suppose an investment has approximately a continuous growth rate of 9.3%. Calculate analytically the values of an initial investment of $500 after 10 yrs, 20yrs, 30yrs, 40yrs, how long will it take for the value to bouble and how long to quadruple 8. Suppose an investment has approximately a continuous growth rate of 9.3%. Calculate analytically the value of an initial investment of $500 after a. 10 yr b. 20 yr c. 30 yr d. 40 yr d. How long will it take for the value to double? e. How long to auadn

Explanation / Answer

a) The amount after 10 years with a continuous growth rate of 9.3 % is - 12,672.55
b) The amount after 20 years with a continuous growth rate of 9.3 % is - 32,118.68
c) The amount after 30 years with a continuous growth rate of 9.3 % is - 81,403.89
d) The amount after 40 years with a continuous growth rate of 9.3 % is - 206,321.97
e) It will take approx 7.45 years to make the amount double
f) It will take approx 14.9 years to make the amount quadraple

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