Thursday

October 30, 2014

October 30, 2014

Posted by **mINDY** on Wednesday, May 16, 2012 at 8:30pm.

When would your investment double in value?

- Algebra -
**Steve**, Thursday, May 17, 2012 at 5:50am2 = (1+.12/4)^(4t)

t = 5.86 years,

or 6 years, since at 5.75 years the amount hasn't quite doubled.

**Answer this Question**

**Related Questions**

Business Algebra - You invest $20,000 in two accounts. Account A earned 4.5% ...

Business Algebra - Invest $23,000 in a savings account at 4.25% interest ...

Math Personal Finance - Assume we invest $2000 for one year in a savings account...

Algebra - Show how you substitute the values into the formula, then use your ...

pre-algebra - You split $1500 between two savings accounts. Account A pays ...

Business Algebra - Part I: As a financial planner a client comes to you for ...

math - if you invest $25,000 in an account that gets 12% annual interest ...

math (interests & percentss) - i need help with these problems below ! mike ...

math - Compound Interest Question James has 10,000 to invest. If he invest money...

math - Jim wants to deposit money in an account to save for a new stereo system ...