A S15 000 investment earns 14.25% interest, compounded semi-annually. Approximately how long will it take for the investment to double in value?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
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A $15 000 investment earns 14.25% interest, compounded semi-annually. Approximately
how long will it take for the investment to double in value?
Transcribed Image Text:A $15 000 investment earns 14.25% interest, compounded semi-annually. Approximately how long will it take for the investment to double in value?
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