Answered

Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Discover the answers you need from a community of experts ready to help you with their knowledge and experience in various fields. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

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

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.