How long does it take for money to double in value if it is

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Reference no: EM13470761

a) How long does it take for money to double in value if it is invested in an account at 5% interest compounded annually? Show all work.

b) How long does it take for money to double in value if it is invested in an account at 5% interest compounded continuously? Show all work.

c) Finally, explain/discuss the differences in the methods used to solve these two problems.

Reference no: EM13470761

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