document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1156939>Question 1156939</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find out how long it takes a $3300 investment to double if it is invested at 7% compounded semiannually (n = 2). Round to the nearest tenth of a year. Use the compound interest formula. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #779733 by </B><A HREF=/tutors/aboutme.mpl?userid=Alan3354><B>Alan3354(69443)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Alan3354><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/cgi-bin/show-face.mpl?user=Alan3354><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=779733\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Find out how long it takes a $3300 investment to double if it is invested at 7% compounded semiannually (n = 2). Round to the nearest tenth of a year.<BR>\n" );
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document.write( "Use the compound interest formula. --- Really?  I can't use a Ouija board?<BR>\n" );
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document.write( "Int = 3.5% per period<BR>\n" );
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document.write( "FV = PV*(1 + 0.035)^t = 2*PV<BR>\n" );
document.write( "Solve for t (t = # of periods)<BR>\n" );
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document.write( "Notice that the PV (Present Value) is not relevant.<BR>\n" );
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