Post a New Question

algebra

posted by on .

How long will it take $1400 to double at 12% annual interest compounded quarterly?

  • algebra - ,

    you want (1+.12/4)^n = 2
    n = 23.5 quarters, or about 6 years

  • algebra - ,

    So, 5.9 to be exact?

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question