Solve the problem.The number of quarters needed to double an investment when a lump sum is invested at 4%, compounded quarterly, is given by n = . In how many years will the investment double, to the nearest tenth of a year?

A. 8.7 yr
B. 34.8 yr
C. 69.7 yr
D. 17.4 yr


Answer: D

Mathematics

You might also like to view...

Write the first five terms of the sequence {an}.a1 = 3, an + 1 = -an

A. 3, 0, -3, -6, -9 B. -3, 3, -3, 3, -3 C. 3, -9, 27, -81, 243 D. 3, -3, 3, -3, 3

Mathematics

State the domain of the rational expression.

A. {x - , 1}
B. {x -5, 5}
C. {x -1,  }
D. {x -5, -1,  , 5}

Mathematics

Factor completely. If unfactorable, indicate that the polynomial is prime.x2 - 8x + 64

A. (x + 8)(x - 8) B. prime C. (x - 8)2 D. (x + 8)2

Mathematics

Estimate the sum or difference by rounding each number to the nearest ten.

A. 267 B. 280 C. 300 D. 270

Mathematics