Doubling Time The number of periods needed todouble an investment when a lump sum is investedat 12%, compounded semiannually, is given byn = log1.06 2.a. Use the change of base formula to find n.b. How many years pass before the investment doubles in value?

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A: Given, n=log1.022 8% compounded quarterly

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Q: log 2 The number of periods needed to double an investment when a lump sum is invested at 9%…

A:

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A: by compound interest formula

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Q: log y Solve 5*-* = 7 for x using the change of base formula log, y- log b O 5.209 O 4.827 O-2.791

A: Given: Now,                   5x-4=7Taking ln both sides,⇒x-4ln5=ln7⇒x=ln7ln5+4⇒x≈5.20906

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Q: Doubling Time The future value of a lump sum Pthat is invested for n years at 10%,…

A: S=P1.10n

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A:

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A: S=P1+rnnt P=3000 r=2.1% r=0.021 here compound interval is quarterly so take n=4

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