how long will it take to double my investment with 2500 at 4% annually

1 answer

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
Similar Questions
  1. An investment pays 8% interest, compounded annually.a) write an equation that expresses the amount, A, of the investment as a
    1. answers icon 5 answers
    1. answers icon 1 answer
    1. answers icon 1 answer
  2. You have 4 different investment options4% interest 7% compound continuously 19% annually 5% every month You have 1000 dollars
    1. answers icon 1 answer
more similar questions