anonymous
  • anonymous
How long will it take to double an amount invested at 8% compunded quarterly?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
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anonymous
  • anonymous
I mean 9% .. sorry.
anonymous
  • anonymous
A=P(1+0.08/4)^4
anonymous
  • anonymous
That's the answer???

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anonymous
  • anonymous
you have a number for plug in?
anonymous
  • anonymous
P for principlal money you deposit
anonymous
  • anonymous
I'm trying to find P??? I don't have any more numbers..
anonymous
  • anonymous
sorry you said 9%
anonymous
  • anonymous
if you don have number for P think teacher only need the equation, not the answer number
anonymous
  • anonymous
A=P(1+0.09/4)^4 that all
anonymous
  • anonymous
if you have A (total ) you can find pricipal amout, or you have principal amout ,you can find the total
anonymous
  • anonymous
So it's 1.009030421?
anonymous
  • anonymous
how you get this number 1.009030421?
anonymous
  • anonymous
From (1+0.09/4)^4
anonymous
  • anonymous
you should check it you missing one more number?
anonymous
  • anonymous
I am not. That's the given problem.
anonymous
  • anonymous
I missing you said double 2A =P (1+0.09/4)^4 but still not enough information,you may repost question again to see some one have differen answer

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