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Author Question: Find out how long it takes a $3000 investment to double if it is invested at compounded quarterly. ...  (Read 143 times)

james

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Find out how long it takes a $3000 investment to double if it is invested at compounded quarterly. ...
« on: Mar 20, 2019 »
Find out how long it takes a $3000 investment to double if it is invested at compounded quarterly. Round to the nearest tenth of a year.  Use the formula .
◦ 8.6 years
◦ 9 years
◦ 8.8 years
◦ 9.2 years

Beginning and Intermediate Algebra

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Marked as best answer by james on Mar 20, 2019

makaylafy

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Find out how long it takes a $3000 investment to double if it is invested at compounded quarterly. ...
« Reply #1 on: Mar 20, 2019 »
8.8 years

james

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Find out how long it takes a $3000 investment to double if it is invested at compounded quarterly. ...
« Reply #2 on: Mar 20, 2019 »
Excellent

makaylafy

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Find out how long it takes a $3000 investment to double if it is invested at compounded quarterly. ...
« Reply #3 on: Mar 20, 2019 »
Great! Please up vote :D
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