Question: a.) How long will it take for a CD to double, if money earns a simple interest rate of 4.8%? round up nearest year. b.)

a.) How long will it take for a CD to double, if money earns a simple interest rate of 4.8%? round up nearest year. b.) Given r=12%, compounded monthly for 8 years; find n (number of months) and i (rate per month). Write i in decimal form. c.) Given r=6%, compounded quarterly for 50 years; find n (number of months) and i (rate per month). Write i in decimal form.

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