Compound Interest: What Happens as n Gets Larger?
- Author:
- Tim Brzezinski
- Topic:
- Algebra, Exponential Functions, Functions
How long does it take for an initial investment of $1000 earning 7% annual interest to double for the case where n = 1?
How long does it take for an initial investment of $2000 earning 7% annual interest to double for the case where n = 1?
How long does it take for an initial investment of $1000 earning 7% annual interest to double for the case where n = 2?
How long does it take for an initial investment of $2000 earning 7% annual interest to double for the case where n = 2?
How long does it take for an initial investment of $1000 earning 7% annual interest to double for the case where n = 4?
How long does it take for an initial investment of $2000 earning 7% annual interest to double for the case where n = 4?
How long does it take for an initial investment of $1000 earning 7% annual interest to double for the case where n = 12?
How long does it take for an initial investment of $1000 earning 7% annual interest to double for the case where n = 24?
How long does it take for an initial investment of $1000 earning 7% annual interest to double for the case where n = 100?
List 2 observations you've noticed as you've answered these questions: