document.write( "Question 1137954: Find the length of time required for an investment of $1500 to amount to $2000 at rate of 8% per year compounded quarterly. Use the equation below your answer\r
\n" ); document.write( "\n" ); document.write( "A=P(1+i)^n where p is the principal, n is the number of conversion periods\r
\n" ); document.write( "\n" ); document.write( "At the rate of interest per conversion period, and is the number of conversion periods
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Algebra.Com's Answer #755817 by ikleyn(52834) $\"\"$ $\"About$

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document.write( "2000 =    where t is the time in years  ====>\r\n" );
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document.write( " =   ====>\r\n" );
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document.write( " = \r\n" );
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document.write( " =   ====>\r\n" );
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document.write( "4t*log(0.02) =  = 0.124939\r\n" );
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document.write( "t =  = 3.63 years. \r\n" );
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document.write( "ANSWER.  Counting in quarters, 3 years and 9 months is enough.\r\n" );
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