Posted by Brad on Friday, November 30, 2012 at 11:40am.
you want (1+.12/4)^n = 2
n = 23.5 quarters, or about 6 years
So, 5.9 to be exact?
Related Questions
College algebra - suppose you invest 2500 and earn 4.2% annual interest, ...
Algebra - You invest $5,000 at a 12% annual return that is compounded quarterly...
math - An amount of $3000 was deposited in a bank at a rate of 2% annual ...
college algebra HELP - How long does it take for a deposit of $1400 to double at...
PreCalc - Which investment option will pay the most interest? A. 12.6% ...
algebra - The amount of money in an account with continuously compounded ...
algebra 2 - The amount of money in an account with continuously compounded ...
Algebra - Please Help. How long, to the nearest tenth of a year, will it take $...
Math - you deposit $1000 at 3% per year.what is the balance at the end of one ...
Math - you deposit $1000 at 3% per year.what is the balance at the end of one ...
For Further Reading