ZenBalance
Fri Jun 28 2024
|
0 answers
0
How long will it take $5000 to triple if it is invested at 7.5% compounded continuously?
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?
