The Number of Periods Needed to Double an Investment When $\mathrm { n } = \frac { \ln 2 } { \ln 1.01 }$

question 25

Multiple Choice

The number of periods needed to double an investment when a lump sum is invested at 2%, compounded semiannually, is given by n $\mathrm { n } = \frac { \ln 2 } { \ln 1.01 }$ . Find the number of years before the investment doubles in value, to the
Nearest tenth of a year.

• A) 34.8 yr
• B) 139.3 yr
• C) 17.4 yr
• D) 69.7 yr

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