Question: Use A = P (1+r/t) nt Find how long it takes 1,400.00 to double if it is invested at 6% compounded quarterly. It will take

Use A = P (1+r/t)nt

Find how long it takes 1,400.00 to double if it is invested at 6% compounded quarterly.

It will take _________ years. (Round answer to 3 decimal places)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

myopenmath.com Upgra MyOpen Get ne board Learn and Liv Instructor Test 2 2hrs14mins X Progress saved Sub Score: 6/15 6/15 answered Question 1 0/1 pt 9 3 0 Details The count in a bacteria culture was...

Q:

can you help me? a. ()Topic: Week 8 Discussion Forum x (Topic: Week 8 Discussion - Patte X (Section 4.5: Graphs of Logarithm X *Homework Help - Q&A from Onlir x + C...

Q:

Write the equation in exponentiai form. Assume that ail constants are positive and not equal to 1. logy(8) = q \fFind the Largest value of it: that satisfies: log5[m)log5(:13+4)=5 1132' n .I III...

Q:

I need help with these business mathematics questions. I have provided each page number and what questions need answered on each screenshot. Please write the page number and what question the answer...

Q:

I need help with these business mathematics questions. I have provided each page number and what questions need answered on each screenshot. Please write the page number and what question the answer...

Q:

I need help with these business mathematics questions. I have provided each page number and what questions need answered on each screenshot. Please write the page number and what question the answer...

Q:

MATH019801-F22R-6943: HW 1.2 X + X C A ilearn.sfsu.edu/ay2223/mod/Iti/view.php?id=230696 GAO R ... E iLearn Rafael Barajas Mendoza MATH019801-F22R- Score on last try: 0.8 of 1 pts. See Details for...

Q:

MATH019801-F22R-6943: HW 1.2 X + X C A ilearn.sfsu.edu/ay2223/mod/Iti/view.php?id=230696 GAO R ... E iLearn Rafael Barajas Mendoza MATH019801-F22R- Score on last try: 0.8 of 1 pts. See Details for...

Q:

Find the time it takes for $9,100 to double when invested at an annual interest rate of 5%, compounded continuously. Find the time it takes for $910,000 to double when invested at an annual interest...

Q:

MATH019801-F22R-6943: HW 3.( X + X C A ilearn.sfsu.edu/ay2223/mod/Iti/view.php?id=289440 GAD R ... E iLearn Rafael Barajas Mendoza Score: 2/10 2/10 answered MATH019801-F22R- . Question 10 0/1 pt 9 2...

Q:

Chloroform, CHCl3, is a common solvent in the organic laboratory. It is not miscible with water, so a mixture of these two solvents forms two layers, which solvent do you expect to form the lower...

Q:

How will your lifestyle differ from your parents when you are your parents age?

Q:

1 . Jensen Inc. has total equity of $ 7 1 billion and 6 9 4 million shares outstanding. Its ROE is 1 5 . 4 2 % . The dividend payout ratio is 2 0 . 2 % . Calculate the company's dividends per share (...

Q:

2023 1040 form 1.Phillip and Claire are married and file a joint return. Phillip is self-employed as a real estate agent, and Claire is a flight attendant. Phillip and Claire have three dependent...