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Today:
which have formulas and
Solving for t in , we get
where n is the number of compoundings per year, and r is given as a decimal (e.g. 9% is represented by .09). This is the doubling time.
When compounding is continuous (i.e. ), this reduces to the very lovely rule
The answer, of course, is L'Hopital's Rule, which is useful in solving certain indeterminate limits:
Let's rewrite it a little: we want to show that
Consider