document.write( "Question 1160928: Find the time required for an investment to triple in value if invested in an account paying 4% compounded monthly.
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Algebra.Com's Answer #784342 by greenestamps(13200)\"\" \"About 
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\n" ); document.write( "Annual interest rate: 4%
\n" ); document.write( "Monthly interest rate: (4/12)%
\n" ); document.write( "Monthly growth factor: 1+(4/12)% = 1+1/300 = 301/300

\n" ); document.write( "If n is the number of months, then you need to find the exponent n for which

\n" ); document.write( "\"%28301%2F300%29%5En+=+3\"

\n" ); document.write( "Use logarithms, or a graphing utility like a graphing calculator....

\n" ); document.write( "(My calculations show a bit over 330 months)

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