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October 22, 2014

October 22, 2014

Posted by **albert** on Tuesday, September 17, 2013 at 9:41pm.

- finance -
**Henry**, Friday, September 20, 2013 at 9:04pmP = Po(1+r)^n.

P = 1000(1.02)^n = 2000

1.02^n = 2

n*Log 1.02 = Log 2

n = Log 2/Log 1.02 = 35 Compounding periods.

35Comp / 1Comp/yr = 35 Yrs. To double.

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