Wednesday

August 27, 2014

August 27, 2014

Posted by **kerry** on Monday, October 24, 2011 at 4:13pm.

- math -
**Steve**, Monday, October 24, 2011 at 5:11pm5000(1+.05/4)^q = 8000

1.0125^q = 1.6

q = ln 1.6 / ln 1.0125

q = 37.8

or

38 quarters = 9.5 years

**Related Questions**

college algebra - how long will it take an investment of $5000 to grow to $8000 ...

Math - If $ 2500 is invested in an account that pays interest compounded ...

pre calc - How long would it take from 3000 to get to 8000 at 8% interest at ...

math(compund interest ) - 10.On 16 April 1990, $5000 was invested at 6% ...

Math - If $8,500 is invested at 6% compounded continuously, how long will it ...

math - An amount of $5000 is invested at an interest rate of 7% per year, ...

trig - If $5000 is invested at a rate of 3% interest compounded quarterly, what ...

Pre Calc - $1 is invested into an account that has a APR of 8% compounded ...

finance - Today, Mark invested $5,000 into an account that guarantees 7.50% p.a...

finance - Today, Mark invested $5,000 into an account that guarantees 7.50% p.a...