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Hi
how long will it take for money to double if it's 7% compounded quarterly
A= p(1+r/n) ^nt
2 = (1 + .07/4)^4t
2 = (1.0175)^4t
log(2) = 4tlog(1.0175)
log(2)/log(1.0175) = 4t
39.954 = 4t
t = 9.9885 yrs or basically, 10 years to double.
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