In problems 1 and 2, use the formula 2 = (1 + r / 100n)nt to find
Question:
2 = (1 + r / 100n)nt
to find the doubling time t, in years, for an investment at r% compounded n times per year. Write each exponential statement in logarithmic form. Then use a change-of-base formula to find the doubling time.
1. 8% compounded quarterly
2. 7.2% compounded monthly
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Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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