Multiple Choice
Solve the exponential equation for r to determine the interest rate required for an investment of $50,000 to double in value when compounded continuously for 25 years. Round your answer to one decimal place.
A) 2.5%
B) 3.9%
C) 6.4%
D) 2.8%
E) none of these
Correct Answer:

Verified
Correct Answer:
Verified
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