You’d start with the longer term value calculation for periodic compounding rates of return, a calculation that helps any one keen on calculating exponential expansion or decay. FV is future benefit, PV is existing value, r is the rate along with the t is the period of time.
To discover accurately how much time it could choose to double an investment that returns 8% on a yearly basis, you would use the following equation:
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This equation could be simplified once more as the normal log of (1 + desire amount) equals the curiosity level as the speed gets repeatedly closer to zero. To paraphrase, you will be remaining with:
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