Determine the time it takes to double an investment in an account that pays interest of 4% per annum compounded quaterly.....

so far i am thinking

2A=A (1+ 0.00013) ^ 4x, but it doesnt work

Printable View

- December 7th 2010, 05:32 AMChr2010Compound interest
Determine the time it takes to double an investment in an account that pays interest of 4% per annum compounded quaterly.....

so far i am thinking

2A=A (1+ 0.00013) ^ 4x, but it doesnt work - December 7th 2010, 05:55 AMe^(i*pi)
How did you get 0.00013?

If it's compounded quarterly then you need to divide your 4% annual rate by the number of compounds (4).