andrew8314 andrew8314

06-03-2017
Mathematics

contestada

You invest 20,000$ at 5.5% compounded semiannually. When will your money double?

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Aliwohaish12 Aliwohaish12

09-03-2017

2p=p(1+0.055/2)^2t
t=(log(2)÷log(1+0.055÷2))/2=12.8 years

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