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August 22, 2014

August 22, 2014

Posted by **Amber** on Monday, April 1, 2013 at 12:34am.

- Math -
**Henry**, Tuesday, April 2, 2013 at 8:39pmP = Po(1+r)^n.

r = (6%/4)/100% = 0.015 = Quarterly %

rate expressed as a decimal.

n = 4comp/yr * t = 4t.

P = 100(1.015)^4t = 200

(1.015)^4t = 200/100 = 2.00

4t*Log1.015 = Log2

4t = Log2/Log1.015 = 46.556

t = 11.64 Yrs.

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