What annual rate of interest compounded continuously is required to double an investment in 7 years? and MFS Investment Management Service Day (Boston) 5.10.13

What annual rate of interest compounded continuously is required to double an investment in 7 years?

What annual rate of interest compounded continuously is required to double an investment in 7 years?


1. 5.204%
2. 9.902%
3. 10.409%
4. 16.993%
5. None of the above.


Investment best answer:

Answer by KAZNU12
3 is the answer, 10.409%

Investment

MFS Investment Management Service Day (Boston) 5.10.13


Image by cityyear
MFS employees rolled up their sleeves to help landscape, and paint the outdoor area surrounding the Dever-McCormack Schools on Friday.

Photos by Jerome Daye | 2013

---

Orignal From: What annual rate of interest compounded continuously is required to double an investment in 7 years? and MFS Investment Management Service Day (Boston) 5.10.13