Asked by jessica
how long will it take to double my investment with 2500 at 4% annually
Answers
Answered by
Reiny
2 = 1(1.04)^n
log 2 = log (104^n(
n log 1.94 = log 2
n = log 2/log 1.04 = appr. 17.67 years
log 2 = log (104^n(
n log 1.94 = log 2
n = log 2/log 1.04 = appr. 17.67 years
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