Question

How long will it take to double an amount invested at 8% compunded quarterly?

Answer 1

I mean 9% ..
sorry.

Answer 2

A=P(1+0.08/4)^4

Answer 3

That's the answer???

Answer 4

you have a number for plug in?

Answer 5

P for principlal money you deposit

Answer 6

I'm trying to find P??? I don't have any more numbers..

Answer 7

sorry you said 9%

Answer 8

if you don have number for P think teacher only need the equation, not the answer number

Answer 9

A=P(1+0.09/4)^4
that all

Answer 10

if you have A (total ) you can find pricipal amout, or you have principal amout ,you can find the total

Answer 11

So it's 1.009030421?

Answer 12

how you get this number 1.009030421?

Answer 13

From
(1+0.09/4)^4

Answer 14

you should check it you missing one more number?

Answer 15

I am not. That's the given problem.

Answer 16

I missing you said double
2A =P (1+0.09/4)^4
but still not enough information,you may repost question again to see some one have differen answer