document.write( "Question 1059646: To double my money, if $600 is invested at 8% compounded monthly by choosing the appropriate formula and solving it for t? What is the formula? \r
\n" ); document.write( "\n" ); document.write( "Thank You!
\n" ); document.write( "

Algebra.Com's Answer #674724 by josmiceli(19441)\"\" \"About 
You can put this solution on YOUR website!
I lifted this from another site:
\n" ); document.write( "A = P (1 + r/n) (nt)\r
\n" ); document.write( "\n" ); document.write( "Where:\r
\n" ); document.write( "\n" ); document.write( "A = the future value of the investment/loan, including interest
\n" ); document.write( "P = the principal investment amount (the initial deposit or loan amount)
\n" ); document.write( "r = the annual interest rate (decimal)
\n" ); document.write( "n = the number of times that interest is compounded per year
\n" ); document.write( "t = the number of years the money is invested or borrowed for
\n" ); document.write( "---------------------------------------------------------
\n" ); document.write( "For your problem:
\n" ); document.write( "\"+A+=+1200+\"
\n" ); document.write( "\"+P+=+600+\"
\n" ); document.write( "\"+r+=+.08+\"
\n" ); document.write( "\"+n+=+12+\"
\n" ); document.write( "Solve for \"+t+\"\r
\n" ); document.write( "\n" ); document.write( "
\n" ); document.write( "
\n" );