beccagriffis4267 beccagriffis4267

01-12-2017
Mathematics

contestada

Using the formula a=p(1+r/n)^nt find how long it takes an investment to double if it is invested at 8% interest compounded monthly

Respuesta :

jorel1380 jorel1380

03-12-2017

2=(1+.08/12)^12t
2=(1.006666666666667)^12t
ln 2=ln (1.00666666666667)^12t=12t ln(1.00666666666667)
104.31826687071655449132631504323=12t
t=8.7 years

Answer Link

Otras preguntas

Which of the following information is most important to include in a timeline? a. title, subtitle, images, captions, arrows b. dates in order, titles, arrows, l

The New Right felt that federal welfare programs _____. lowered taxes and strengthened the traditional family were key to ending stagflation and homelessness re

Is there any disadvantage to a government subsidizing domestic firms to make them able to compete in price with cheaper imported goods? No, it helps domestic co

what is two-thirds of 99?

The Organization of Petroleum Exporting Countries (OPEC) controls much of the world's production of oil. If its members decide to lower their daily oil producti

the perimeter of a rectangle is 222 millimeters if the length of the rectangle is 60 millimeters what is the width of the rectangle

help asap 1. Do you think evolution is still taking place in the Galapagos finches? Why or why not? 2. Discuss whether or not human activities lead to speciati

Which president's foreign policy achievements included peace agreements in Bosnia, Ireland, and the Middle East, as well as tariff treaties promoting internatio

what is a reasonable estimate for the sum of 4 1/8+3 2/3+5 1/2

Facts about the Hurricane Katrina