SaYiaN
09-18-2005, 09:50 PM
Damn what the hell. Why can't i solve this.
Determine how much time is required for an investment to double in value if interest is earned at the rate of 6.25% compounded monthly.
I'm using formula
a = ao^kt
k being constant
t being time
ao being inital
a being total
Determine how much time is required for an investment to double in value if interest is earned at the rate of 6.25% compounded monthly.
I'm using formula
a = ao^kt
k being constant
t being time
ao being inital
a being total