document.write( "Question 612481: Suppose an initial investment of $5,000 doubles in value every 6 years.\r
\n" ); document.write( "\n" ); document.write( "Write an equation to model the value of this investment.\r
\n" ); document.write( "\n" ); document.write( "How much will the investment be worth in 18 years?
\n" ); document.write( "

Algebra.Com's Answer #385509 by ewatrrr(24785)\"\" \"About 
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\n" ); document.write( "Hi,
\n" ); document.write( "initial investment of $5,000 doubles in value every 6 years: (A/P = 2)
\n" ); document.write( "In General \"A+=+P%281%2Br%2Fn%29%5Ent\"
\n" ); document.write( "A = Accumulated Amount
\n" ); document.write( "P= principal(Initial Investment) =
\n" ); document.write( "r= annual rate = .
\n" ); document.write( "n= periods per year = 1
\n" ); document.write( "t= years =
\n" ); document.write( "\"A%2FP+=+2+=+%281%2Br%29%5E6\"
\n" ); document.write( " e^(ln2/6)= 1+r
\n" ); document.write( " .1225 = r, 12.25% Simple Interest/yr
\n" ); document.write( " A = P(1.225)^t
\n" ); document.write( "How much will the investment be worth in 18 years
\n" ); document.write( "6 yrs = $10,000
\n" ); document.write( "12 yrs = $20,000
\n" ); document.write( "18 yrs = $40,000 \n" ); document.write( "
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