28) Find out how long it takes a $2600 investment to double if it is invested at 9% compounded quarterly. Round t nt the nearest tenth of a year. Use the formula A = P1+ r n

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.CR: Review Problem Set
Problem 56CR
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28) Find out how long it takes a $2600 investment to double if it is invested at 9% compounded quarterly. Round to
nt
the nearest tenth of a year. Use the formula A =
Transcribed Image Text:28) Find out how long it takes a $2600 investment to double if it is invested at 9% compounded quarterly. Round to nt the nearest tenth of a year. Use the formula A =
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