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How long will it take to double your investment

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Reference no: EM131908117

You are given $1000 and would like to invest it in the stock market. Assume you can get an annual rate of return of 8% using continuously compounded interest (see equation 6.3 in your textbook). How long will it take to double your investment to $2000? Show work.

Reference no: EM131908117

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