Multiple Choice
How long does it take for your money to double when invested at the rate of 3% (with annual compounding) ?
A) Depends on how much money you start with.
B) 26 years
C) 23 years
D) 25 years
E) 24 years
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q56: Casey has $1,000 to invest and would
Q57: Jordan will need $20,000 at the end
Q58: You have $602.42 today.You want to accumulate
Q59: As the discount rate increases without limit,the
Q60: In 6 years you are going to
Q62: Your grandparents bought their collection of one
Q63: The future value of $100 received today
Q64: What is the effective interest rate of
Q65: A real estate agent wants you to
Q66: You have just won $50,000 on your