Posted by **Tina** on Friday, July 22, 2011 at 11:41am.

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!

## Answer this Question

## Related Questions

- Math - Suppose you invest your money into an account that pays 4.0% per year ...
- Math help - You plan to make 24 equal quarterly payments (payments are at the ...
- Math - You plan to make 24 equal quarterly payments (payments are at the end of ...
- math - Jim wants to deposit money in an account to save for a new stereo system ...
- finance - Suppose you pay $1000 into a savings account that pays 2% per year, ...
- Precalc - suppose you want to invest $60,000 for ten years. You can invest your ...
- math - you invest $10,000 in a savings account that pays 6.6%, compounded ...
- clackamas - Consider a $100 investment earning 12% compounded quarterly. How ...
- math - You invest money that pays 6.3% interest/year compounded quarterly. How ...
- Pre Calc - $1 is invested into an account that has a APR of 8% compounded ...

More Related Questions