How long will it take money to double if it is invested at (A) 8% compounded semiannually?

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How long will it take money to double if it is invested at
(A) 8% compounded semiannually?
(B) 7% compounded semiannually?

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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Question Posted: Apr 14, 2016 07:32 AM

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How long will it take money to double if it is invested at (A) 8% compounded semiannually?

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We have A P1 i n To find the doubling time set A 2P This yields 2P P1 i n o...View the full answer

College Mathematics for Business Economics Life Sciences and Social Sciences

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