Cryptocurrency Q&A How long will it take $5000 to triple if it is invested at 7.5% compounded continuously?

How long will it take $5000 to triple if it is invested at 7.5% compounded continuously?

ZenBalance ZenBalance Fri Jun 28 2024 | 0 answers 0
Could you elaborate on how long it would take for an initial investment of $5000 to triple, assuming a continuous compounding rate of 7.5%? I'm curious about the mathematical process and estimated timeline involved in achieving such a significant growth in capital. Is there a specific formula or calculation method that you would recommend using to determine this? Additionally, what factors should investors consider when making decisions about their investment timelines and expected returns? How long will it take $5000 to triple if it is invested at 7.5% compounded continuously?

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