Multiple Choice
How long will it take to double your savings if you earn 6.4 percent interest, compounded annually?
A) 11.89 years
B) 12.02 years
C) 11.39 years
D) 11.17 years
E) 10.58 years
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q34: The relationship between the present value and
Q35: Theodoro has just received an insurance settlement
Q36: The interest rate used to compute the
Q37: Assume the total cost of a college
Q38: Today, Charity wants to invest less than
Q40: Precision Engineering invested $95,000 at 5.5 percent
Q41: Your coin collection contains ten 1949 silver
Q42: You have $12,500 you want to invest
Q43: Lester had $6,270 in his savings account
Q44: Which one of the following is the