102.6 divided by 0.216
2 answers:
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We''ll use $100 and $200 for the investment amounts.
Using the attached formula,
Years = natural log (200 / 100) / .12
Years = natural log (200 / 100) / .12
Years = 0.69314718056 / .12
Years = <span> <span> <span> 5.7762265047 </span> </span> </span>
About 5.78 years
Using the attached formula,
Years = natural log (200 / 100) / .12
Years = natural log (200 / 100) / .12
Years = 0.69314718056 / .12
Years = <span> <span> <span> 5.7762265047 </span> </span> </span>
About 5.78 years