Dana has $1000 to invest, and she would like to double her money in five years. Assuming continuous compounding, what interest rate would she have to find? Show your work and/or explain how you arrived at your answer.

Respuesta :

Answer: The future value of a $1000 investment today at 8 percent annual interest compounded semiannually for 5 years is $1,480.24.

Step-by-step explanation:

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