Answered

Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Rhonda is 22 years old and would like to invest $2;000 into a U.S, Treasury Note earning 5.5% interest. How many times will Rhonda's investment double before she draws it out at age 70?

Sagot :

Answer:

Rhonda is 22 years old and would like to invest $2,000 into a U.S. Treasury Note earning 7.5'0 interest. How many times will Rhonda's investment double before she withdraws it at age 70? 72 I 7.5 = 9.6 (Money will double in 9.6 years) 70 - 22 = 48 years 48 I 9.6 = 5 times (her money will double 5 times until she is 70.

Step-by-step explanation:

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.