Question: Approximately how many years does it take to double a $600 investment when interest rates are 6 percent per year? 0.08 years 8 years 8.33

 Approximately how many years does it take to double a $600

Approximately how many years does it take to double a $600 investment when interest rates are 6 percent per year? 0.08 years 8 years 8.33 years 12 years

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!