The formula t In m nin 1 can be used to find the number of

Last updated: 4/3/2023

The formula t In m nin 1 can be used to find the number of years t required to multiply an investment m times when r is the per annum interest rate compounded n times a year a How many years will it take to double the value of an IRA that compounds quarterly at the rate of 10 b How many years will it take to triple the value of a savings account that compounds monthly at an annual rate of 2