Question 1086142
No, because the rule of 72 says that with 6% interest, it would take 12 years for money to double and 24 years for it to increase 4-fold
25000(1+(.0625/4))^64=$67,433.62
The exact time for $100000 is
4=(1.015625)^t
ln4=t ln (1.015625)
t=89.41
That is quarterly compounding number
almost 22 1/2 years.