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double money with a given interest

Solving for the period needed to double money

Consider a deposit of $100 placed at 10% (annual). How many years are needed for the value of the deposit to double to $200?

The present value formula can be rearranged such that:
y = ln(FV/PV) / ln(1+r)

see also
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  • Quantity theory of money
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    Fill the yellow fields to see the result in the green fields!
      A
    B
    C
    D
    1 Present value PV    dollars   
    2 Future value FV    dollars   
    3 interest rate r     
    4        
    5 time needed y    years   
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    see also: http://en.wikipedia.org/wiki/Time_value_of_money#.233:_Solving_for_the_period_needed_to_double_money
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    (source: Time value of money. (2006, November 20). In Wikipedia, The Free Encyclopedia. Retrieved 17:04, November 20, 2006, from http://en.wikipedia.org/w/index.php?title=Time_value_of_money&oldid=89001893)

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