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If $P Is Invested for N Years at 6% Compounded

Question 96

Multiple Choice

If $P is invested for n years at 6% compounded continuously, the rate at which the future value is growing is If $P is invested for n years at 6% compounded continuously, the rate at which the future value is growing is . In how many years will the future value double? Round your answer to one decimal place. ​ A) 18.3 years B) 13.6 years C) 11.6 years D) 20.3 years E) 16.6 years . In how many years will the future value double? Round your answer to one decimal place. ​


A) 18.3 years
B) 13.6 years
C) 11.6 years
D) 20.3 years
E) 16.6 years

Correct Answer:

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