Answer:Follow the given formula. The initial amount of money invested, P, becomes 2P (same thing as "doubles) after t years. Since compounding is quarterly, n=4. The annual interest rate is 12%. That is, r=0.12.
Then we have 2P = P (1 + 0.12/4)^(4t) and need only solve for time, t.
Simplifying the above equation: 2 = (1.03)^(4t)
We must isolate 4t, and then isolate t. To do this, take the common log of both sides of the above equation. We get:
log 2 = (4t) log 1.03. This gives us 4t = [log 2] / [log 1.03], or
4t = 23.4498
Dividing both sides by 4, we get t = 5.86 (years).
Step-by-step explanation: Mark me as brainliest
Answer:
2
Step-by-step explanation:
Answer:
A: 6,804
Step-by-step explanation:
189 x 36 = 6804
Answer:
Step-by-step explanation: the x side is +5 and the y side is -15
Answer:
Part A:
Rent = $7380
Mortgage payments = $9800
Insurance = $145
Taxes, insurance, maintenance = 
= $2830
Loss of Interest on security deposit = (650*6%) = $39
Interest lost on down payment and closing cost = (4,500*6%) = $270
Growth in equity = $225
Annual appreciation = $1700
Tax savings for mortgage interest = (9,575*28%) = $2,681
Tax savings for property taxes = (1,780*28%) = $498
Total rental cost = 
dollars
Total buying costs = 
dollars
Part B:
You should consider rent because the cost of renting is less than the cost of buying.
