SOLUTION: The Davis national bank pay 6% compounded quarterly how long will it take for a deposit to triple in value
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Question 1128877: The Davis national bank pay 6% compounded quarterly how long will it take for a deposit to triple in value
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
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Take the log of both sides
yrs
This is 18 yrs 5 months 11 days approx
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check:
close enough -error due to rounding off
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