ysam45
Answered

Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

3. $2,000 was invested into an investment portfolio that offers 10% interest, 2 points
compounded annually. How long (in years) would it take for the investment
to double? The formula below is for determining the balance, B, of an initial
investment of P, for an interest rate, r, compounded yearly, after t years.
B = P(1+r)t

Sagot :

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.