Question 602921
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Hi,
how long will it take money to double if it is invested into an account that earns 7.5% compounded daily? 
Using the compound Interest Formula: A = {{{P(1+r/m)^mt }}}   
 A/P = 2 = {{{(1+.075/365)^(365t)}}}
 ln2 =  365tln(1+.075/365) 
 ln2 /365 = tln(1+.075/365)= .0002t
 .0019/.0002 = t 
 t = 9.495 yrs