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    Using and Understanding Mathematics
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    Exam 4: Managing Money
  5. Question
    Solve the Problem. -You Have Money in an Account at an APR of an APR
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Solve the Problem. -You Have Money in an Account at an APR of an APR

Question 178

Question 178

Multiple Choice

Solve the problem.
-You have money in an account at an APR of 4% compounded quarterly. To the nearest year, how long will it take for your money to double?


A) 24 years
B) 17 years
C) 10 years
D) 14 years

Correct Answer:

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