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 sentences requires a colon to be correct? A. The new dessert recipe called for equal parts of sugar, cream, peanut butter, and crushed pe

The food web in a diverse ecosystem is _____.

An amicus cruise brief is

What River runs south to north through Egypt and Sudan

Solve for x: 2/5 (x - 2) = 4x. A. 2/9 B. 9 C. -2/9 D. -9/2

The federal budget is a record of the nations

Park Geun-Hye’s presidency is particularly challenging because A) of the sudden increase in tension with Israel. B )recovery from war is a challenge and struggl

which event helped highlight the importance of making the conversion to the emr a national goal

Tiffany was recently involved in a vehicle accident. IN ORDER to get her car fixed, her insurance company is requiring her to pay the first $500 of the repair b

Consider a generic redox reaction? Consider a generic redox reaction X(s) + Y^+(aq) <----> X^+(aq) + Y(s) then suppose that the coefficients in the redox