Olga deposited $800 in an investment certificate paying 9% compounded semi- annually. On the same day, her

Question:

Olga deposited $800 in an investment certificate paying 9% compounded semi- annually. On the same day, her sister ursula deposited $600 in an account paying 7% compounded semi-annually. To the nearest day, when will the of Olga’s investment be equal to twice the of ursula’s investment?
Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...