Mark M. answered 12/02/18
Mathematics Teacher - NCLB Highly Qualified
2p = p(1 + 0.09/4)4t
2 = (1.0225)4t
ln 2 =4t ln (1.0225)
0.6931 = 4t(0.0222)
Can you solve for t and answer?
Monica M.
asked 12/02/18The number of periods needed to double an investment when a lump sum is invested at 9% compounded quarterly is n= log2/0.0097. In how many years will the investment double?
Mark M. answered 12/02/18
Mathematics Teacher - NCLB Highly Qualified
2p = p(1 + 0.09/4)4t
2 = (1.0225)4t
ln 2 =4t ln (1.0225)
0.6931 = 4t(0.0222)
Can you solve for t and answer?
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