Doubling time In Problems 71 and 72, use the formula
to find the doubling time t, in years, for an investment at r% compounded n times per year. Write each exponential statement in logarithmic form. Then use a change-of- base formula to find the doubling time.
8% compounded quarterly
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Chapter 5 Solutions
Mathematical Applications for the Management, Life, and Social Sciences
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:Cengage