document.write( "Question 819019: How long will it take $500 to double if it is invested at 8% compounded quarterly? I don't know which equation to use. If I use the standard equation:\r
\n" ); document.write( "\n" ); document.write( "$1000=$500 (1 + .08/4) 4\r
\n" ); document.write( "\n" ); document.write( "1000=500 (1.0200)
\n" ); document.write( "500 (1.0824)= $541.20\r
\n" ); document.write( "\n" ); document.write( "would I take $541.20 divided by $1000? \n" ); document.write( "

Algebra.Com's Answer #492908 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( " In General 
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document.write( "A = Accumulated Amount 1000
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document.write( "P= principal = 500
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document.write( "r= annual rate = .08
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document.write( "n= periods per year = 4 
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document.write( "t= years =  t
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