document.write( "Question 471787: how long will it take for money to double if it's 7% compounded quarterly \n" ); document.write( "

Algebra.Com's Answer #323562 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!

 
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document.write( "Hi
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document.write( "how long will it take for money to double if it's 7% compounded quarterly
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document.write( "A= p(1+r/n) ^nt 
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document.write( " 2 = (1 + .07/4)^4t
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document.write( " 2 = (1.0175)^4t
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document.write( "log(2) = 4tlog(1.0175)
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document.write( "log(2)/log(1.0175) = 4t
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document.write( "    39.954 = 4t
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document.write( "     t = 9.9885 yrs   or basically, 10 years to double.
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document.write( "May be contacted at ewatrrr@aol.com for private/pay tutoring.
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document.write( "My charge is $45/hr payable thru Paypal.com at the Email address listed.
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