Find the years it will take for a principal P to double if invested at a rate of 4% compounded quarterly. O 17.7 O 0.25 O 8 O 17.4

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 49E
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Answer:
Find the years it will take for a principal P to double if invested at a rate of 4% compounded quarterly.
O 17.7
O 0.25
0 8
O 17.4
Transcribed Image Text:Time le Answer: Find the years it will take for a principal P to double if invested at a rate of 4% compounded quarterly. O 17.7 O 0.25 0 8 O 17.4
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