Answered

Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Explore in-depth answers to your questions from a knowledgeable community of experts across different fields. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

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 hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.