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

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