Continuous compounding
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4a) How much money must be invested today at 5% compounded continuously so that in 10 years it is worth $10000?
4b) How long will it take $X to triple at an interest rate of 8% compounded continuously?
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Solution Summary
This solution provides examples of determining how long it will take to reach a point with continuous compounding.
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Problem #4
(a) Suppose x dollars must be invested today, then we have
x * exp(10 * 5%) = ...
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