Friday

March 6, 2015

March 6, 2015

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.

**Answer this Question**

**Related Questions**

differential equation - If P(t) is the amount of dollars in a savings bank ...

Math - $100 is deposited in a savings account that pays 4% interest compounded ...

Math - (a) Themba wants to deposit a sum of money into a savings account so that...

Calc - A person deposits money into a retirement account, which pays 7% interest...

introduction to finance-16 - if you put $4000 in savings account that pays ...

Finance - How much money must you pay into an account at the beginning of each ...

Precalculus - NEED HELP ASAP PLEASE!! A savings account starts with $600 and ...

Personal Finance - Mary just deposited $33,000 in an account paying 7% interest...

geometry - A person deposits $500.00 into a savings account and pays 5% annual ...

finance - if you want to have $7000 in 10 years, how much money must you put in ...