Business, 14.01.2020 03:31 yyyyyy290

Asum of money is invested at 12% compounded quarterly. about how long will it take for the amount of money to double?
compound interest formula: v(t)=p(1+r/n)^nt

t = years since initial deposit
n = number of times compounded per year
r = annual interest rate (as a decimal)
p = initial (principal) investment
v(t) = value of investment after t years

p. s: explain, i have a couple problems like this so having an example to go off of would be nice. : )
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Asum of money is invested at 12% compounded quarterly. about how long will it take for the amount of...

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