document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=691326>Question 691326</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How long will it take to double an investment at 8% compounded monthly? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #426636 by </B><A HREF=/tutors/aboutme.mpl?userid=nerdybill><B>nerdybill(7384)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=nerdybill><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=nerdybill><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=426636\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\">     How long will it take to double an investment at 8% compounded monthly?<BR>\n" );
document.write( ".<BR>\n" );
document.write( "A = P(1+i/n)^(nt)<BR>\n" );
document.write( "2 = (1+.08/12)^(12t)<BR>\n" );
document.write( "2 = 1.0067^(12t)<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=++++How+long+will+it+take+to+double+an+investment+at+8%25+compounded+monthly%3F%0D%0A.%0D%0AA+=+P%281%2Bi%2Fn%29%5E%28nt%29%0D%0A2+=+%281%2B.08%2F12%29%5E%2812t%29%0D%0A2+=+1.0067%5E%2812t%29%0D%0A ALIGN=MIDDLE   DISABLED_style= \"max-width:90%; height:auto;\" >log(1.0067,2) = 12t<BR>\n" );
document.write( "log(2)/log(1.0067) = 12t<BR>\n" );
document.write( "104.31827 = 12t<BR>\n" );
document.write( "8.7 years = t<BR>\n" );
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