document.write( "Question 929510: How long will it take for (s) sum of money to double if it is invested at a rate of 6% per year compounded monthly? \n" ); document.write( "

Algebra.Com's Answer #564552 by Fombitz(32388) $\"\"$ $\"About$

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$\"2P=P%281%2B0.06%29%5En\"$
\n" ); document.write( " $\"1.06%5En=2\"$
\n" ); document.write( " $\"n=log%28%282%29%29%2Flog%28%281.06%29%29\"$
\n" ); document.write( " $\"n=11.9\"$ $\"years\"$
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