Wednesday

July 23, 2014

July 23, 2014

Posted by **Anthony** on Monday, February 11, 2013 at 9:07pm.

- pre calc -
**Reiny**, Monday, February 11, 2013 at 10:40pm3000(1.02)^n = 8000 , where n is the number of quarter years

1.02^n = 8/3

take log of both sides

log 1.02^n = log (8/3)

using log rules ...

n log1.02 = log8 - log3

n = (log8 - log3)/log1.02 = 49.53

it will take appr 49.53 quarter years or

12.4 years

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