Find how long it takes $2000 to double if it is invested at 7% interest compounded semiannually.

Use the formula

A=P ( 1- r/n) nt to solve the compound interest problem

It will take approximately ????? years

Find how long it takes $2000 to double if it is invested at 7% interest compounded semiannually.

Use the formula

A=P ( 1- r/n) nt to solve the compound interest problem

It will take approximately ????? years

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Winter Park, FL

I answered on the other question you asked. Double-check the formula you put here, as I think it needs a plus sign, in the parentheses.

Also, use the other problem to guide you through this one. I hope you'll share your work, so we can help you through this one if you get stuck. :)

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