Exercises 121 O and 122 O: For the given annual interest rate r, estimate the time for P dollars to double. 121. P = $1000, r = 8.5% compounded quarterly

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.6: Other Types Of Equations
Problem 9ECP: You deposit $2500 in a long-term investment in which the interest is compounded monthly. After 5...
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Exercises 121 O and 122 O: For the given annual interest rate r,
estimate the time for P dollars to double.
121. P = $1000, r = 8.5% compounded quarterly
Transcribed Image Text:Exercises 121 O and 122 O: For the given annual interest rate r, estimate the time for P dollars to double. 121. P = $1000, r = 8.5% compounded quarterly
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