The Number of Quarters Needed to Double an Investment When $\mathrm { n } = \frac { \ln 2 } { \ln 1.025 }$

question 263

Multiple Choice

The number of quarters needed to double an investment when a lump sum is invested at 10%, compounded quarterly, is given b $\mathrm { n } = \frac { \ln 2 } { \ln 1.025 }$ Find n, rounded to the nearest tenth.

• A) 28.1 quarters
• B) 33.1 quarters
• C) 24.1 quarters
• D) 31.1 quarters

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