document.write( "Question 685044: In how many years will it take a certain investment to double itself if the interest is compounded annually at 6%?
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Algebra.Com's Answer #424321 by Alan3354(69443)![]() ![]() You can put this solution on YOUR website! In how many years will it take a certain investment to double itself if the interest is compounded annually at 6%? \n" ); document.write( "---------------- \n" ); document.write( "FV = PV*(1.06)^t \n" ); document.write( "(1.06)^t = 2 \n" ); document.write( "t*log(1.06) = log(2) \n" ); document.write( "t = log(2)/log(1.06) \n" ); document.write( " \n" ); document.write( " |