Mathematics, 05.12.2020 05:10 whitakers87
P(1+3) Use A = P1+ where:
A = the amortized amount (total loan/investment amount over the life of the loan/investment)
P = the initial amount of the loan/investment r = the annual rate of interest
n = the number of times interest is compounded each year
t = the time in years
Find how long it takes $1,300.00 to double if it is invested at 10% compounded semi-annually. It will take years. (Round answer to 3 decimal places.)
Answers: 2
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P(1+3) Use A = P1+ where:
A = the amortized amount (total loan/investment amount over the life of t...
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