[Solved] How long would it take for a principal of P to double if money is worth 12 \% compounded monthly? Give your answer to the nearest
Question: How long would it take for a principal of \(P\) to double if money is worth \(12 \%\) compounded monthly? Give your answer to the nearest month.
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![[Step-by-Step] How long will it take for](/images/solutions/MC-solution-library-52571.jpg "[Step-by-Step] How long will it take for $500 to amount to $700")
[Step-by-Step] How long will it take for $500 to amount to $700
![[Solution] What nominal rate of interest, compounded](/images/solutions/MC-solution-library-52572.jpg "[Solution] What nominal rate of interest, compounded monthly.")
[Solution] What nominal rate of interest, compounded monthly.
(Solution Library) Consider the parametric curve given by r(t)=(a
(Solution Library) In what follows, notice that the tangent plane to
![[See Steps] Consider the curve S obtained](/images/solutions/MC-solution-library-52575.jpg "[See Steps] Consider the curve S obtained as the intersection")
[See Steps] Consider the curve S obtained as the intersection
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