You deposit $3100 in an account earning 7% interest compounded semiannually. How long will it take this investment to double? Round your answer to two decimal places. Use this compound P(1 + 7 ) interest formula: A About = years nt

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
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ISBN:9780547587776
Author:HOLT MCDOUGAL
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Chapter7: Percents
Section: Chapter Questions
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You deposit $3100 in an account earning 7% interest compounded
semiannually. How long will it take this investment to double?
Round your answer to two decimal places. Use this compound
nt
interest formula: A = P(1 + 7 )″
N
About
* years
Transcribed Image Text:You deposit $3100 in an account earning 7% interest compounded semiannually. How long will it take this investment to double? Round your answer to two decimal places. Use this compound nt interest formula: A = P(1 + 7 )″ N About * years
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