document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1170821>Question 1170821</A>: <I><SPAN STYLE=\"word-break: break-all;\"> If Kevin invests $50,000 into an account that earns 6.15% interest compounded monthly, how long will it take his money to double? (round to one decimal place)\r<BR>\n" );
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document.write( "A.135.6 years<BR>\n" );
document.write( "B.11.6 years<BR>\n" );
document.write( "C.11.3 years<BR>\n" );
document.write( "D.9 years </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #795731 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52879)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><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=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=795731\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "In such problems, &nbsp;the quantum of the time is &nbsp;&nbsp;<U>a MONTH</U>.\r<BR>\n" );
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document.write( "Therefore, &nbsp;would the problem be formulated &nbsp;ACCURATELY &nbsp;by its composer,\r<BR>\n" );
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document.write( "it should ask about the &nbsp;MONTHS --- not about the decimal parts of the year.\r<BR>\n" );
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document.write( "DIAGNOSIS:  &nbsp;&nbsp;The problem formulation is &nbsp;&nbsp;<U>lame</U>.\r<BR>\n" );
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document.write( "For the composer's info :\r<BR>\n" );
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document.write( "    A year is 12 months - - - not 10 months.\r\n" );
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document.write( "One more notice specially related to the solution by @Boreal :\r<BR>\n" );
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document.write( "    nt=135.6 compounding times  <U>CAN NOT be non-integer value</U>.\r\n" );
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document.write( "    It is NECESSARY an INTEGER.   It MUST be an integer.\r\n" );
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document.write( "So, the correct answer in this case is  nt = 136 compounding times, \r<BR>\n" );
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document.write( "    which is  136 months divided by 12 months = 11 years and 4 months.\r<BR>\n" );
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document.write( "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DO NOT ACCEPT any different answer.<BR>\n" );
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document.write( " </SPAN>\n" );
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