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30 September, 17:04

You invest 20,000$ at 5.5% compounded semiannually. When will your money double?

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  1. 30 September, 17:14
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    2p=p (1+0.055/2) ^2t

    t = (log (2) : log (1+0.055:2)) / 2=12.8 years
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