Question

after ___ years, the investment has doubled. APR=8%, compounding periods=quarterly, time to double=?

Answer 1

I don't understand the question.

Answer 2

@StudyGurl14

Answer 3

all you have to do is find the amount of years that would make the amount double.
You should probably use an example to help figure it out. Plug in an amount for the original, then plug that into the proper equation. then plug in different amounts of years to find what one doubles the original amount. sorry. that's all I can explain ithout the formula