document.write( "Question 982559: How long will it take for an investment to double in value, if the annual interest rate is 10% and interest is compounded every 6 months? Leave your answer in terms of a logarithun, if necessary. \n" ); document.write( "
Algebra.Com's Answer #603379 by josgarithmetic(39617)![]() ![]() ![]() You can put this solution on YOUR website! 5% rate each compounding period. \n" ); document.write( "1+0.05=1.05 rate or factor for 1 period which is 6 months.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "p, initial invested \n" ); document.write( "n, count of compounding periods (which is a six month time) \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "find logarithm of each side...\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "and then |