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If $4,500 Is Invested at an Annual Rate of 8

Question 5

Multiple Choice

If $4,500 is invested at an annual rate of 8% compounded continuously, the future value S at any time t (in years) is given by If $4,500 is invested at an annual rate of 8% compounded continuously, the future value S at any time t (in years) is given by . How long does it take for the investment to double? Round your answer to one decimal place. ​ A) 8.7 years B) 7.4 years C) 8.6 years D) 9.0 years E) 11.7 years . How long does it take for the investment to double? Round your answer to one decimal place. ​


A) 8.7 years
B) 7.4 years
C) 8.6 years
D) 9.0 years
E) 11.7 years

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