document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=79409>Question 79409</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How long will it take for an investment of $750 to double at 7% compounded annually?\r<BR>\n" );
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document.write( "How do you set this problem up and do it?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #57003 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=57003\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> How long will it take for an investment of $750 to double at 7% compounded annually?<BR>\n" );
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document.write( "1500=750(1+0.07)^t<BR>\n" );
document.write( "2=1.07^t<BR>\n" );
document.write( "Take the log of both sides to get:<BR>\n" );
document.write( "t=log2/log1.07<BR>\n" );
document.write( "t=10.24 years<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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