SOLUTION: in how many years will money double at 5.4% compounded monthly

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Question 842175: in how many years will money double at 5.4% compounded monthly
Answer by ewatrrr(24785) About Me  (Show Source):
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Hi,

in how many years will money double at 5.4% compounded monthly

 In General A+=+P%281%2Br%2Fn%29%5E%28nt%29

A = Accumulated Amount

P= principal = 

r= annual rate = .054

n= periods per year = 12

t= years =

+2+=+%281.0045%29%5E%2812t%29

  +log%282%29%2F%2812%2Alog%281.0045%29%29+=+t