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You want to invest
$10,000 dollars. How long will it take to double your investment at an annual
interest rate of 10%, compounded continuously? (Round your answer to the
nearest year) Using equation A=Pe^rt ^=exponent
20000 = 10000e^0.1t > 10% = 0.1 2 = e^0.1t log 2 = log e^0.1t > log to the base e log 2 = 0.1t * 1 log e to the base e =1 0.6931 = 0.1t t = 6.931 = 7 years
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