document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=844015>Question 844015</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How long will it take to triple your money if, you invested it at a 8% compounded quarterly. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #508467 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><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/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=508467\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How long will it take to triple your money if, you invested it at a 8% compounded quarterly.<BR>\n" );
document.write( "----<BR>\n" );
document.write( "Solve for \"t\":<BR>\n" );
document.write( "(1+(r/n))^(nt) = 3<BR>\n" );
document.write( " ---<BR>\n" );
document.write( "(1+(0.08/4))^(4t) = 3<BR>\n" );
document.write( "----<BR>\n" );
document.write( "1.02^(4t) = 3<BR>\n" );
document.write( "----<BR>\n" );
document.write( "(4t)log(1.02) = log(3)<BR>\n" );
document.write( "----<BR>\n" );
document.write( "4t = log(3)/log(1.02) = 55.478<BR>\n" );
document.write( "===<BR>\n" );
document.write( "t = 13.87 years<BR>\n" );
document.write( "======================<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "=================== </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );