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## Use A=P(1+rn)ntA=P(1+rn)nt where: AA = the amortized amount (total loan/investment amount over the life of the loan/investment) PP = the initial amount of the loan/investment rr = the annual rate of interest nn = the number of times interest is compounded each year tt = the time in years Find how long it takes \$1,800.00\$1,800.00 to double if it is invested at 1010% compounded annually. It will take_______________  years. (Round answer to 3 decimal places.)

Use A=P(1+rn)ntA=P(1+rn)nt where:
AA = the amortized amount (total loan/investment amount over the life of the loan/investment)
PP = the initial amount of the loan/investment
rr = the annual rate of interest
nn = the number of times interest is compounded each year
tt = the time in years

Find how long it takes \$1,800.00\$1,800.00 to double if it is invested at 1010% compounded annually.

It will take_______________  years. (Round answer to 3 decimal places.)

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