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anonymous

  • 5 years ago

How long will it take to double an amount invested at 8% compunded quarterly?

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  1. anonymous
    • 5 years ago
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    I mean 9% .. sorry.

  2. anonymous
    • 5 years ago
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    A=P(1+0.08/4)^4

  3. anonymous
    • 5 years ago
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    That's the answer???

  4. anonymous
    • 5 years ago
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    you have a number for plug in?

  5. anonymous
    • 5 years ago
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    P for principlal money you deposit

  6. anonymous
    • 5 years ago
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    I'm trying to find P??? I don't have any more numbers..

  7. anonymous
    • 5 years ago
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    sorry you said 9%

  8. anonymous
    • 5 years ago
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    if you don have number for P think teacher only need the equation, not the answer number

  9. anonymous
    • 5 years ago
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    A=P(1+0.09/4)^4 that all

  10. anonymous
    • 5 years ago
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    if you have A (total ) you can find pricipal amout, or you have principal amout ,you can find the total

  11. anonymous
    • 5 years ago
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    So it's 1.009030421?

  12. anonymous
    • 5 years ago
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    how you get this number 1.009030421?

  13. anonymous
    • 5 years ago
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    From (1+0.09/4)^4

  14. anonymous
    • 5 years ago
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    you should check it you missing one more number?

  15. anonymous
    • 5 years ago
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    I am not. That's the given problem.

  16. anonymous
    • 5 years ago
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    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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spraguer (Moderator)
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