Question: QUESTION 5 EV POINTS POSSIBLE: 1. THIS IS ATTEMPT 1 OF 10. How long will it take for $2,700 to double if it is invested
QUESTION 5 EV POINTS POSSIBLE: 1. THIS IS ATTEMPT 1 OF 10. How long will it take for $2,700 to double if it is invested at 12% annual interest compounded 12 times a year? Enter in exact calculations or round to 3 decimal places. It will take years to double. How long will it take if the interest is compounded continuously? Compounded continuously, it would only take years
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
