The number of periods needed to double an investment when a lump sum is invested at 14% compounded quarterly is n = log 2 0.0149 In how many years will the investment double? The investment doubles in years. (Round the value of n to the nearest integer. Then type the final answer as an integer, fraction, or mixed number.)
The number of periods needed to double an investment when a lump sum is invested at 14% compounded quarterly is n = log 2 0.0149 In how many years will the investment double? The investment doubles in years. (Round the value of n to the nearest integer. Then type the final answer as an integer, fraction, or mixed number.)
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 62SE: Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest,...
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Transcribed Image Text:The number of periods needed to double an investment when a lump sum is invested at 14% compounded quarterly is n =
log 2
0.0149
In how many years will the investment double?
The investment doubles in
years.
(Round the value of n to the nearest integer. Then type the final answer as an integer, fraction, or mixed number.)
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