The Number of Periods Needed to Double an Investment When $\mathrm { n } = \frac { \ln 2 } { \ln 1.055 }$

question 97

Multiple Choice

The number of periods needed to double an investment when a lump sum is invested at 11%, compounded semiannually, is given by n $\mathrm { n } = \frac { \ln 2 } { \ln 1.055 }$ . Find n, rounded to the nearest tenth.

• A) 12.9 periods
• B) 15.9 periods
• C) 17.9 periods
• D) 8.9 periods

---

Definitions:

Carl Perkins Act

The Carl D. Perkins Career and Technical Education Act provides federal funding to improve and expand career and technical education programs in the United States.

Vocational Assessment

A process used to evaluate an individual's interests, skills, and abilities to guide them in making career decisions.

Counseling

A professional guidance process where individuals receive assistance in managing personal issues, making decisions, and coping with crises from a trained counselor.

Economic Disadvantage

A condition where individuals or communities have significantly lower income and less access to resources than the general population.