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April 28, 2015

Homework Help: Math

Posted by Tina on Friday, July 22, 2011 at 11:34am.

Suppose you invest your money into an account that pays 4.0% per year compounded quarterly. How long (in years) will it take for your money to triple?

Round your answer to one decimal place.

I know I use this...
A=P(1+r/n)^nt

But to go from there and get an answer, so confused. Thank you for your help!

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