SOLUTION: In how many years will it take a certain investment to double itself if the interest is compounded annually at 6%?

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Question 685044: In how many years will it take a certain investment to double itself if the interest is compounded annually at 6%?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
In how many years will it take a certain investment to double itself if the interest is compounded annually at 6%?
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FV = PV*(1.06)^t
(1.06)^t = 2
t*log(1.06) = log(2)
t = log(2)/log(1.06)