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
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Algebra.Com's Answer #674724 by josmiceli(19441)![]() ![]() 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( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "Solve for \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |