4x = x (1+.02)^t x can be any amount, so we'll leave it out. I per period = 8/4 = .02% per quarter
How many quarters? (t)
4 = (1.02)^t
log4/log1.02 = t = 70 QUARTERS = 17.5 years
4x = x (1+.02)^t x can be any amount, so we'll leave it out. I per period = 8/4 = .02% per quarter
How many quarters? (t)
4 = (1.02)^t
log4/log1.02 = t = 70 QUARTERS = 17.5 years