Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Get quick and reliable solutions to your questions from knowledgeable professionals on our comprehensive Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Stu invested $700 in a Cd. if the CD grows at a rate of %6 per year compounded annually, when will he double his money ?

Sagot :

Answer:16.66 repeating years

Step-by-step explanation: take 6% of 700 the divide 700 by that number to get how many years until he doubles his money then check by multpling 42 * 16.66 repeating

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.