How long will it take $5000 to double if it is invested at 20% compounded quarterly?

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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How long will it take $5000 to double if it is invested at 20% compounded quarterly?
Transcribed Image Text:How long will it take $5000 to double if it is invested at 20% compounded quarterly?
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