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Posted by on Friday, November 30, 2012 at 11:40am.

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

  • algebra - , Friday, November 30, 2012 at 12:55pm

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

  • algebra - , Friday, November 30, 2012 at 1:11pm

    So, 5.9 to be exact?

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